About the Company:
Adani Group is an Indian multinational conglomerate, headquartered situated in Ahmedabad, Gujarat. Gautam Adani was founded the company in 1988 as a commodity trading business with the flagship company Adani Enterprises Limited. The company began as Adani Exports Limited. The company originally exported dyes and intermediates, plastic products, agricultural products and frozen food to about 28 countries around the world. Adani Management Consultancy Services was amalgamated with the company in 1994. With major interests in logistics and energy, the enterprise handles the mining, trading, gas distribution, solar and agribusiness divisions of the Group.
QoQ & YoY Performance:
India’s one of the leading ports and logistics company has declared the results for the fourth quarter of fiscal year ending March 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs.13428.83 crores, up by 22.66% in the March quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.13051.09 crores, is increased by 28.07%. EBITDA numbers down by 26.85%.
- YoY Performance: The Company has reported a 1.45% increase in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have surged by 4.16%.
- Profitability of the company: Net Profit of the company landed to Rs.96.93 crores, declined by 74.69% QoQ and 63.57% YoY.
View: As per Lokesh Sethia, SEBI Registered Analyst, the stock was closed at Rs.133.30 per share, as the profit after tax is decreased by 74.69% QoQ but the revenue of the company is reported at 22.66% QoQ basis ; So we will suggest you to “BUY” the stock for the target of Rs.146.