Adani Enterprises has reported lower than expected
consolidated net profit of Rs 309 crore for the fourth quarter of FY12,
degrowth of 66.7% as compared to Rs 928 crore in a year ago period.
Consolidated total income came in higher than expectations
at Rs 10,637 crore, a growth of
16.74% as compared to Rs 9,112 crore in the
corresponding quarter of last fiscal.
Analysts on average had expected net profit at Rs 831 and
total income at Rs 9,587 crore.
Other income increased significantly to Rs 190 crore from Rs
8.3 crore year-on-year.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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