Adani Ent hits fresh 52-week high on healthy operational performance in Q2

In Q2FY21, consolidated EBIDTA for the quarter increased by a healthy 76 per cent to Rs 951 crore.

Shares of Adani Enterprises hit a fresh 52-week high of Rs 358.95, up 4 per cent on the BSE on Wednesday after the company reported a strong operational performance in the September quarter (Q2FY21). The stock of the Adani Group company recovered 6.5 per cent from its intra-day low of Rs 337.50 on the BSE.

The consolidated EBIDTA (earnings before interest, taxes, depreciation, and amortisation) for the quarter increased by a healthy 76 per cent at Rs 951 crore owing to better volumes in mining services and solar manufacturing businesses.

The company’s consolidated profit after tax (PAT) attributable to owners stood at