Adani Enterprises' Q3 net profit up nearly 62% to Rs 339.96 crore

Highlights:

1. The company's net profit for the October to December quarter of FY17 increased by 61.72% to Rs 339.96 crore as against Rs 210.22 crore in the October to December quarter of FY16

2. Its total income from operations during the quarter under review rose by 8.99% to Rs 8,605.81 crore as compared to Rs 7,895.43 crore in the corresponding quarter of previous fiscal

Adani Enterprises on Tuesday reported nearly 62% rise in the consolidated net profit for the third quarter (Q3) of the fiscal year 2016-17 (FY17) ended on December 31 last year.

"The company's net profit for the October to December quarter increased by 61.72% to Rs 339.96 crore as against Rs 210.22 crore in the October to December quarter of FY16," cited Adani Enterprises in a filing to the BSE. 

Its total income from operations during the quarter under review rose by 8.99% to Rs 8,605.81 crore as compared to Rs 7,895.43 crore in the corresponding quarter of previous fiscal. 

The company's total expenses during the period rose by 9.21% to Rs 8,262.90 crore as against Rs 7,566.44 crore in the similar period of last fiscal.

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Adani Enterprises is firm of Adani Group and has business interests in agro, mine development and operations, renewable energy, city gas distribution and overseas mining. 

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On Tuesday, the stock of Adani Enterprises closed down 0.93% or Rs 0.85 at Rs 90.80 on the BSE.

ALSO READ: Adani Enterprises consolidated net profit remains flat at Rs 364 crore