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ADANI ENTERPRISES
ADANI ENTERPR. Announces Quarterly Results (4QFY19); Net Profit Up 3.2%

ADANI ENTERPR. Announces Quarterly Results (4QFY19); Net Profit Up 3.2%
Mon, 3 Jun

ADANI ENTERPR. has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

ADANI ENTERPR. Quarterly Financials

No. of Mths Qtr. Ending		3 Mar-18*	3 Dec-18*	3 Mar-19*	QoQ Change	YoY Change
Net Sales	Rs m	102,340	104,297	132,366	26.9%	29.3%
Other income	Rs m	3,432	1,185	2,364	99.5%	-31.1%
Turnover	Rs m	105,772	105,481	134,730	27.7%	27.4%
Expenses	Rs m	95,777	99,866	125,297	25.5%	30.8%
Gross profit	Rs m	4,729	4,440	5,464	23.1%	15.6%
Depreciation	Rs m	1,629	-344	1,086		-33.4%
Interest	Rs m	3,542	4,916	3,371	-31.4%	-4.8%
Profit before tax	Rs m	2,990	1,054	3,371	220.0%	12.8%
Tax	Rs m	957	597	1,273	113.4%	33.1%
Profit after tax	Rs m	2,033	457	2,098	359.1%	3.2%
Gross profit margin	%	4.6	4.3	4.1
Effective tax rate	%	32.0	56.6	37.8
Net profit margin	%	1.9	0.4	1.6

* Results Consolidated
Interim results exclude extraordinary / exceptional items

Source: Company Reports, Regulatory Filings, Equitymaster

Year-on-Year Performance:

The company's operating income during the quarter grew 29.3% on a year-on-year (YoY) basis. The expenses were up by 30.8% YoY during the same period.
The company's operating profit increased by 15.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.1% in 4QFY19 as against 4.6% in 4QFY18.
Depreciation charges declined by 33.4% and finance costs declined by 4.8% YoY, respectively.
Other income declined by 31.1% YoY during the quarter.
Net profit for the quarter increased by 3.2% YoY. Net profit margins during the quarter declined from 1.9% in 4QFY18 to 1.6% in 4QFY19.

Quarter-on-Quarter Performance:

The company's operating income during the quarter grew 26.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 25.5% QoQ during the same period.
The company's operating profit declined by 23.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.1% in 4QFY19 as against 4.3% in 3QFY18.
Net profit for the quarter increased by 359.1% QoQ, while net profit margins increased from 0.4% in 3QFY18 to 1.6% in 4QFY19.

To see how ADANI ENTERPR. has performed over the last eight quarters, please visit here.

ADANI ENTERPR. Share Price Performance

Over the last one year, ADANI ENTERPR. share price has moved up from Rs 84.8 to Rs 153.8, registering a Gain of Rs 69.0 or around 81.3%.

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 153.8, the price to earnings (P/E) ratio of ADANI ENTERPR. stands at 85.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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ADANI ENTERPRISES SHARE PRICE

BSE: 872.55 2.41% NSE: 872.55 2.47%
Mar 2, 2021 (Close)

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