update

Adani Ent turns corner, Q1 net at Rs 557 cr; revenue up 43%

     Gujarat-based Adani Enterprises , which is engaged in the businesses of power, ports, agro and trading, has turned profitable with the first quarter consolidated net at Rs 556.7 crore on strong revenue growth and operational performance and despite exceptional loss, lower other income, higher finance, depreciation and tax costs. The loss in the year-ago period was Rs 278.3 crore. 
     Consolidated total income from operations grew by 43.1 percent to Rs 16,524 crore in the quarter ended June 2014 from Rs 11,547 crore in same quarter last year driven by strong growth in trading, power and agro businesses.