Adani Enterprises Q1 FY22 consol PAT at Rs 271 crore, up 9 times YoY

The company's topline more than doubled in the period under review to Rs 12,579 crore from Rs 5,265 crore in the corresponding period last year

Adani Enterprises reported a consolidated net profit of Rs 271.46 crore in the June quarter, up nine times (803 per cent) from the same period last year on the back of increased revenue and lower base of last year where the first wave of Covid-19 led to nationwide lockdown.

The company’s topline more than doubled during the period under review to Rs 12,579 crore from Rs 5,265 crore in the corresponding period last year. The total tax outgo in the quarter gone was of Rs 183 crore.

Consolidated earnings before interest, depreciation, taxes and ammortisation (EBIDTA) for the company increased