Adani Enterprises shares jump over 4% on Q1 results

Shares of Adani Enterprises jumped over 4 per cent on Thursday after the company reported over seven-fold jump in consolidated net profit for the June quarter. The scrip gained 3.98 per cent to close at Rs 130.70 on the BSE. During the day, it advanced 5.76 per cent to Rs 132.95.

On the NSE, shares went up 4.21 per cent to close at Rs 130.90. Adani Enterprises on Thursday reported over seven-fold jump in consolidated net profit to Rs 570.14 crore for the June quarter on the back of higher income.

The company had clocked a profit of Rs 80.14 crore in the year-ago period, Adani Enterprises said in a BSE filing. Total income during the quarter under review grew 39 per cent to Rs 10,685.86 crore from Rs 7,664.20 crore in the year-ago period.