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Adani Enterprises climbs over 6% post Q3 results

Shares of Adani EnterprisesBSE 3.52 % climbed as much as 6.38 per cent in early trade on Wednesday after the flagship firm of Adani Group, on Tuesday reported a 61.72 per cent rise in consolidated net profit at Rs 339.96 crore for the quarter ended December 31, 2016 on improved income.

It had registered a net profit of Rs 210.22 crore in the corresponding quarter of the previous fiscal.

Consolidated income from operations for the quarter stood at Rs 8,606 crore against Rs 7895.43 crore in the same quarter last year.

Operating profit of the company climbed 4.23 per cent year-on-year to Rs 342.91 crore for the quarter under review against Rs 328.99 in Q3FY16.

The scrip was trading 4.13 per cent up at Rs 94.55 around 10.45 am (IST). Shares of the company opened at Rs 91.50 and touched a high and low of Rs 96.60 and Rs 91.40, respectively, in trade so far.