Adani Enterprises consolidated EBIDTA up 8% to Rs 1,617 cr for Q2FY13


Editor’s Synopsis

  • Consolidated total income for H1FY13 up 8% at Rs 21,300 crvs Rs 19,681 cr in H1FY12
  • Consolidated EBIDTA for H1FY13 was Rs 2883 cr
  • Consolidated PAT for H1FY13 stood at Rs 723 cr
  • Consolidated income for Q2FY13 was Rs 10,265 cr
  • Consolidated EBIDTA for Q2FY13 rose by 8%to Rs 1,617 cr vs. Rs 1501 cr in Q2FY12
  • Consolidated PAT  for Q2FY13 stood at 320 cr


Achieved half yearly robust volumes:

  • 17.9 MMT in coal trading
  • 47.9 MMT of port cargo handled
  • 8.7 bn Power units sold
  • Adani Enterprises continues to be the largest thermal coal importer in India
  • Mundra port continues to be the 2nd largest commercial port of India both in total cargo as well as in the containers segment
  • Commissioned in Maharashtra one unit of 660 MW at Tiroda and 400 KV Tiroda – Warora Transmission line by Adani Power Maharashtra Limited.

Adani Enterprises Ltd., the flagship company of the Adani group – A global integrated player, announced its results for the 2nd quarter ended September 30, 2012.

Financial Highlights:

The consolidated total income for the half year rose to Rs 21,300 cr against Rs. 19,681 crore of H1FY12. The consolidated EBIDTA increased to Rs. 2,883 crore against Rs. 2711 crore in the first half year ended September 30, 2012 compared to Rs 1,112 cr in the same period.

The consolidated total income for the quarter rose to Rs 10,265 cr in Q2FY13 against Rs. 10,084 crore of Q2FY12. The consolidated EBIDTA increased by 8% to Rs. 1,617 crore against Rs. 1,501 crore in the corresponding quarter last year, driven by higher contribution from the port business and coal trading. The consolidated net profit stood at Rs 320 crore in the second quarter ended 30 September, 2012 compared to Rs. 553 crore in the same period last year.

While the port and coal trading businesses continue to grow at a steady basis, power evacuation bottleneck and higher fuel costs due to expensive imports continued to influence our power business.

Commenting on the results, Mr. Gautam Adani, Chairman Adani Group, said, “Our core business of coal trading and Ports continue to perform exceedingly well and will live up to their true potential in ensuing years. Our Power generation business is presently undergoing stress due to high prices of imported coal, shortfall against linkages of domestic coal and limited availability of transmission lines. We are fully committed in resolving these issues and expect Power generation business to reap scale and integration benefits and be a larger value contributor.

Mr. Devang desai, CFO Adani Group and Executive Director, Adani Enterprises, said, “We have the unique integrated business model spanning over the Resources, Logistics and Energy sectors to achieve volume growth and value chain enhancement along with market leadership. We expect the overall performance from our businesses to improve substantially as the recent investments in power, port and mining starts generating returns and are fully committed in creating substantial revenues for all its stakeholders.

Given its long term commitments to power business, the Board of Adani Enterprises Ltd, has approved in principle, the proposal to allow additional investments in Adani Power Ltd. so as to enhance the total promoters’ shareholding up to 75% from about 68% (post amalgamation), subject to the necessary formalities by Adani Power Ltd. and in compliance with applicable SEBI rules.

Business Highlights:

1) Coal Trading and Mining

The company continues to maintain market leadership in the coal trading business. The company was recently conferred the  “Importer of the Year: 2011-12” title by the Indian Coal Markets Award 2012 organized by IHS McCloskey-mJunction.

Our company has successfully embarked on the Coal Mining Business as part of its overall backward integration strategy.

The operations at its Indonesian mines are progressing satisfactorily

The operations of its MDO (Mining Development & Operations) business for its Parsa Kente block in Chattisgarh are expected to commence shortly.

The Australian Coal Mines and Rail Project has achieved several milestones including major land acquisition and filing of applications of various approvals.

2) Port

Adani ports and SEZ won 8 gold and 3 silver medals at 23rd Annual Convention on quality circle and allied quality concepts.

All other operational ports at Dahej, and Abbot Point are performing well and construction of ports at Hazira and container terminal at Mundra are completed. Project implementation of ports at Goa, Vizag, and Tuna Tekra as per plan.

3) Power generation and Transmission

Commissioned in Maharashtra one unit of 660 MW at Tiroda and 400 KV Tiroda – Warora Transmission Line by Adani Power Maharashtra Ltd.
The company expects to achieve the expansion of capacity from current 4660 MW to nearly 10,000 MW in March 2013

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