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A net down of 25% for Adani Enterprises in FY12

The net profit of Adani Enterprises Ltd went down by 25% in the FY 12. Another decrease in net profit has been noted about 66% in the fourth quarter that ended March 31, 2012. When it comes to the company’s income, there is actually no problem about it since they were able to have an increase of 49% which is driven by higher contribution from coal trading and port business.

Adani Logo

Adani Logo

By the fourth quarter of the last fiscal year, their income had a 17% increase. The problem came on its consolidated net profit where the numbers decreased compared to last year from Rs 2,476 crore down to Rs 1,839 crore.

Though the coal trading had been playing well in the success of the company, but they are still very much affected with the higher cost of fuel in their power business. It is quite true that the previous year had definitely been challenging for companies with energy business.

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