Q3FY18 Earnings Report Adani Enterprises LTD: Net Sales Turnover Ebitda Margin PAT Margin Net Profit

Q3FY18 Earnings Report Adani Enterprises Ltd
Consolidated Report INE423A01024
Net Sales Turnover Ebitda Margin PAT Margin Net Profit

Rs. 9938.37 Cr 15.48% 10.55% 33.0 bps 2.89% 61.0 bps Rs. 217.6 Cr 28.01%
Date : 19th January 2018 Note : Values compared with Q3FY17
Overview
15000
10
12500
7.5
Net Sales Turnover (in Cr.)
10000
Margin
7500
2.5
5000
2500 0
0 -2.5
Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18
Net Sales Turnover (in Cr.) Operating Margin (RHS) Net Profit Margin (LHS)
Revenue increased by 9.42% to Rs. 9938.37 Cr in Q3FY18 when compared to the previous quarter. Also, it grew by 15.48% when compared
with Q3FY17. The Sales had been increasing from Q2FY18 to Q3FY18. It displayed an erratic but decreasing trend from Q3FY17 to Q2FY18.
EBITDA was Rs. 1048.55 Cr for Q3FY18, a rise of 35.68% compared to Q2FY18.It increased by 11.97% compared to Q3FY17 . The EBITDA
had been increasing from Q2FY18 to Q3FY18, while it was decreasing in the period from Q4FY17 to Q1FY18. PAT for Q3FY18 was Rs. 217.6
Cr .The previous quarter saw a loss of Rs. 77.49 Cr . PAT was Rs. 302.26 Cr in the same quarter last year. The PAT had been decreasing in
the period Q4FY17 to Q2FY18. It plummeted in Q2FY18.
Trend of Employee Expenses

200
The EBITDA Margin increased to 10.55% in Q3FY18, a rise of 204.0

175 bps compared to the last quarter. It was due to the drop in
employee and raw material expenses as a proportion of sales. The
150
EBITDA Margin was 10.88% same quarter last year. PAT Margin fell
125 from -0.17% in Q2FY18 to 2.89% this quarter. It rose due to the rise
in the EBITDA Margin , interest and depreciation.
100

EPS Trend
6
The EPS grew this quarter to Rs. 3.19 from Rs. 0.54 in Q2FY18. In
Q3FY17 it was Rs. 0.99.
EPS(in Rs.)
4
The stock price of Adani Enterprises Ltd increased from Rs. 116.35 2
to Rs. 194.7 when compared to the previous quarter.

0
EPS(in Rs.)
Stock Price
220
200
180
Stock Price(in Rs.)
160
140
120
100
2017-09-29 2017-10-16 2017-10-26 2017-11-06 2017-11-15 2017-11-24 2017-12-05 2017-12-14 2017-12-26 2018-01-04 2018-01-15 2018-01-18
Stock Price(in Rs.)

Gross Sales 9938.37 8605.81 15.5 9083.1 9.42
Net Sales 9938.37 8605.81 15.5 9083.1 9.42
Other Income 100.6 379.17 -73.5 83.64 20.28
Total Income 10039 8984.98 11.7 9166.74 9.52
Total Expenditure 8990.42 8048.51 11.7 8393.91 7.11
Raw Material Consumed 103.6 96.5 7.4 112.95 -8.28
Stock Adjustment -386.01 -616.95 37.4 -208.93 84.76
Purchase of Finished Goods 8247.69 7675.64 7.5 7559.56 9.10
Employee Expenses 148.27 126.41 17.3 173.71 -14.65
Loss on Forex Transaction 51.76 65.02 -20.4 42.79 20.96
Other Expenses 825.11 701.89 17.6 713.83 15.59
TOTAL EXPENDITURE 8990.42 8048.51 11.7 8393.91 7.11
PBIDT 1048.55 936.47 12 772.83 35.68
Interest 449.11 341.57 31.5 470.75 -4.60
PBDT 599.44 594.9 0.8 302.08 98.44
Depreciation 341 214.39 59.1 387.72 -12.05
PBT 258.44 380.51 -32.1 -85.64 -401.77
Tax 60.17 35.52 69.4 26.58 126.37
Deferred Tax -19.33 42.73 -145.2 -34.73 -44.34
Reported Profit After Tax 217.6 302.26 -28 -77.49 -380.81
Profit/Loss of Associate Company 69.37 -1.34 5276.9 62.4 11.17
Net Profit after Minority Interest & P/L Asso.Co. -

286.97 300.92 -4.6 -15.09
2001.72
Extra-ordinary Items 0.15 183.95 -99.9 0
Adjusted Profit After Extra-ordinary item -

286.82 116.97 145.2 -15.09
2000.73
Basic:
EPS before Exceptional/Extraordinary items-Basic 3.19 0.99 222.2 0.54 490.74
EPS after Exceptional/Extraordinary items-Basic 3.19 3.09 3.2 0.54 490.74
Diluted:
EPS before Exceptional/Extraordinary items-Diluted 3.19 0.99 222.2 0.54 490.74
EPS after Exceptional/Extraordinary items-Diluted 3.19 3.09 3.2 0.54 490.74
Equity 109.98 109.98 0 109.98 0.00

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Q3FY18 Earnings Report Adani Enterprises Ltd

Consolidated Report INE423A01024

Net Sales Turnover Ebitda Margin PAT Margin Net Profit

Date : 19th January 2018 Note : Values compared with Q3FY17

Trend of Employee Expenses

The EBITDA Margin increased to 10.55% in Q3FY18, a rise of 204.0

Trend of Employee Expenses

to Rs. 194.7 when compared to the previous quarter.

Stock Price(in Rs.)

Net Sales 9938.37 8605.81 15.5 9083.1 9.42

Other Income 100.6 379.17 -73.5 83.64 20.28

Total Income 10039 8984.98 11.7 9166.74 9.52

Total Expenditure 8990.42 8048.51 11.7 8393.91 7.11

Raw Material Consumed 103.6 96.5 7.4 112.95 -8.28

Stock Adjustment -386.01 -616.95 37.4 -208.93 84.76

Purchase of Finished Goods 8247.69 7675.64 7.5 7559.56 9.10

Employee Expenses 148.27 126.41 17.3 173.71 -14.65

Loss on Forex Transaction 51.76 65.02 -20.4 42.79 20.96

Other Expenses 825.11 701.89 17.6 713.83 15.59

TOTAL EXPENDITURE 8990.42 8048.51 11.7 8393.91 7.11

PBIDT 1048.55 936.47 12 772.83 35.68

Interest 449.11 341.57 31.5 470.75 -4.60

PBDT 599.44 594.9 0.8 302.08 98.44

Depreciation 341 214.39 59.1 387.72 -12.05

PBT 258.44 380.51 -32.1 -85.64 -401.77

Tax 60.17 35.52 69.4 26.58 126.37

Deferred Tax -19.33 42.73 -145.2 -34.73 -44.34

Reported Profit After Tax 217.6 302.26 -28 -77.49 -380.81

Profit/Loss of Associate Company 69.37 -1.34 5276.9 62.4 11.17

Net Profit after Minority Interest & P/L Asso.Co. -

Extra-ordinary Items 0.15 183.95 -99.9 0

Adjusted Profit After Extra-ordinary item -

EPS after Exceptional/Extraordinary items-Basic 3.19 3.09 3.2 0.54 490.74

EPS before Exceptional/Extraordinary items-Diluted 3.19 0.99 222.2 0.54 490.74

EPS after Exceptional/Extraordinary items-Diluted 3.19 3.09 3.2 0.54 490.74

Equity 109.98 109.98 0 109.98 0.00

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