Consolidated total income from operations grew by 43.1 percent to Rs 16,524 crore in the quarter ended June 2014 from Rs 11,547 crore in same quarter last year driven by strong growth in trading, power and agro businesses.
Gujarat-based Adani Enterprises , which is engaged in the businesses of power, ports, agro and trading, has turned profitable with the first quarter consolidated net at Rs 556.7 crore on strong revenue growth and operational performance and despite exceptional loss. The loss in the year-ago period was Rs 278.3 crore.
"Improved performance has set the direction of growth as we see greater contribution from completed projects in ports, power and mining verticals," said Gautam Adani, chairman of Adani Group.
Consolidated total income from operations grew by 43.1 percent to Rs 16,524 crore in the quarter ended June 2014 from Rs 11,547 crore in same quarter last year driven by strong growth in trading, power and agro businesses.
Exceptional loss represented the liquidated damages amounting to Rs 126.39 crore payable on account of delay in commercial operations date (COD) at Tiroda plant operated by Adani Power Maharashtra, said the company in its filing.
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