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| Exchange Disseminated Time | Adani Enterprises Ltd has announced the following results for the quarter ended December 31, 2015:
The Unaudited Standalone results for the Quarter ended December 31, 2015
The Company has posted a net profit of Rs. 1463.40 million for the quarter ended December 31, 2015 where as the same was at Rs. 1207.50 million for the quarter ended December 31, 2014. Total Income is Rs. 19150.40 million for the quarter ended December 31, 2015 where as the same was at Rs. 45190.70 million for the quarter ended December 31, 2014.
The Consolidated Results are as follows:
The Unaudited Consolidated results for the Quarter ended December 31, 2015
The Group has posted a net profit of Rs. 1957.90 million for the quarter ended December 31, 2015 where as the same was at Rs. 4438.50 million for the quarter ended December 31, 2014. Total Income is Rs. 105949.50 million for the quarter ended December 31, 2015 where as the same was at Rs. 180749.30 million for the quarter ended December 31, 2014.
- The Hon'ble Gujarat High Court vide its Order dated May 07, 2015 has sanctioned the Composite Scheme of Arrangement between Adani Enterprises Limited (AEL), Adani Ports and Special Economic Zone Limited (APSEZ), Adani Power Limited (APL), Adani Transmission Limited (ATL) and Adani Mining Private Limited (AMPL) and their respective Shareholders and Creditors pursuant to the provisions of Section 391 to 394 and the other provisions of the Companies Act, 1956 and Companies Act, 2013 ("Scheme"). The Scheme came into effect on May 22, 2015 upon filing certified copies of the orders of the Hon'ble Court of Gujarat sanctioning the Scheme with the Registrar of the Companies, Gujarat at Ahmedabad.
The Scheme with effect from Appointed Date i.e. April 01, 2015 inter alia provided for:
(i) Demerger of Port Undertaking, Power Undertaking and Transmission Undertaking comprising the undertaking, businesses, activities, operations, assets (movable and immovable) and liabilities of AEL and transfer of the same to APSEZ, APL and ATL respectively.
ii) Merger of AMPL into AEL;
In view of above, the results of the current period reported are after giving effect of the Scheme as on appointed date i.e. April 01, 2015 and hence previous period numbers are not comparable to that extent. |
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