Adani Enterprises consolidated EBIDTA increases 39% to `1,436 cr in H1 FY20

Ahmedabad: Adani Enterprises Ltd, (AEL) part of the Adani Group, reported consolidated total income for the quarter ended September 30 at Rs 8,627 crore. It was Rs. 9,265 crore in the corresponding period in the previous year.

The EBIDTA for the quarter stood at Rs 540 crore that was Rs. 552 crore in Q2 FY 19. The PAT attributable to owners for Q2 FY 20 was Rs 50 crore compared to Rs. 172 crore in Q2 FY 19. This includes exceptional loss due to write-off of exploration block of Rs 130 crore in one of the subsidiaries of the group.

The Consolidated Total Income for the H1 FY20 increased by 14 per cent to Rs 19,313 crore compared to Rs. 16,930 crore in H1 FY19. The EBIDTA for the H1 FY20 increased by 39 per cent to Rs 1,436 crore compared to Rs. 1,036 crore in H1 FY19. The PAT attributable to owners for H1 FY20 rose 91 per cent to Rs 651 crore compared to Rs. 341 crore in H1 FY19.

"Adani Enterprises continues to incubate new age infrastructure which will provide world-class services to the users. We are very excited to build next set of businesses like airport management, data center parks, roads, water infrastructure and defense & aerospace. As always, we are committed to address the challenges in infrastructure building, contributing to economic growth of the nation and delivering higher shareholders value." said Gautam Adani, Chairman Adani Group.