Company's total consolidated revenue for the year under review increased to Rs. 26,826.74 Cores from Rs.

26,019.48 Cores in the previous year. The profits after tax for the year under review increased to Rs. 2,476.09 Cores as against Rs. 919.30 Cores in the previous year registering a growth of 170%. Growth in Company's consolidated net worth is 190% signifying robustness of Company's emphasis on consolidation and building shareholders' value. The Financial Statements, based on the financial statements received from subsidiaries and associates, as approved by their respective Board of Directors have been prepared in accordance with Accounting Standard (AS) 21 - Consolidated Financial Statements, Accounting Standard (AS) 23 - Accounting for Investments in Associates and Accounting Standard (AS) 27 Financial Reporting of interest in Joint Ventures in consolidated financial statement notified under Section 211(3C) of the Companies Act, 1956 read with the Companies (Accounting Standards) Rules, 2006 (as amended). The said consolidated financial statements form part of this Annual Report and Accounts.

Key ratios interpretation: Adani Enterprises limited in the key financial ratio in the include the investment valuation ratios, profitability ratios, liquidity and solvency ratios, Debt coverage ratios, management efficiency ratios, profit & loss accounts ratios, cash flow ratios,.

Dividend is always for equity share holders propose dividend. Dividends share indicate how much dividend share holder get. Profitability ratio in relation to sales in the gross profit margin. It is calculated by dividing gross profit by sales. Higher the ratio is the better for the firm because if shows whether the markup obtain on cost of production in sufficient. Here the last 4 year the gross profit ratio is increased in last 4 year but current year in the -4.77 is low gross profit margin is reflect the higher cost of goods sold due to the firms inability to purchase raw material at favorable terms inefficient utilization of plant and machinery so we can say that the cost of sales is lower or that the purchasing is efficient so the gross profit also decrease. Net profit margin ratio is indicates what portion of sales revenue is left to the proprietors after all operating expenses are met. Generally higher the ratio better will be the firm. But here the net profit 7.79 is increase in March 2011 so here the sales had increase and net profit after tax also increase. The

core profitability is higher than previous year. Operating profit margin ratio is showing relationship between cost of goods sold plus operating expenses & sales. It shows the efficiency of the management. Operating profit ratio is last 4 year up and down but still in current year is4.31 so it is better for the company because lower the ratio is the higher will be margin available to proprietors and it would prove efficient to pay dividend and reserves. Return on capital employed ratio include capital employed it means how much capital invested in company and profit after tax it consider so that ratio shown margin efficiency. Company invests against that how much return company. So higher the ratio is better for firm. But here the capital employed ratio is in 2007 in 12.53 and become 2011 in 3.73. It is happened because company gets more capital employed. Conventional rules current ratio of 2 to 1 or more is considered satisfactory. The Adani Enterprises Limited has a current ratio in current year is 5.76 therefore. It may be interpreted to be sufficient liquid previous 2 year in 2009 & 2010 in the insufficient liquid the current ratio represents a margin of safety for creditors. Quick ratio is also called the acid-test ratio of 1 to1 is consider to represent a satisfactory current functional condition in last 5 year the quick ratio is sufficient in the current year 2011 in the quick ratio is the 5.42 thus a company with 4 high value of quick ratio can suffer from the shortage of funds if it has slow paying doubtful and long duration outstanding and long duration outstanding debtors so the quick ratio remains an important index of the firms liquidity. Debt equity ratio show the proportion of long term external equities and internal equities low debt equity ratio is the current year in 0.06 so it is profitable from the view point of equity shareholders. Fixed assets turnover ratio is normally the fixed assets of business must be parched out of fixed capital only. It shows that relationship between fixed capital & fixed assets. The ideal ratio is 1:1 here the ratio is in March 2011 in the 10.05 is very low as compare to previous 4 year. It is show that company position is not well in current year.