When it comes to the Adani Group of companies, the market cap is real. In the last one year, if you had participated in these stocks a port company, a gas company, a logistics company you would have made a killing in the markets. Your view?
That is true. There has been a series of separation of companies and creation of market cap. It is largely a debt-funded expansion but unlike most other debt-funded groups, these stocks seem to be moving up and people are not concerned about the debt for various reasons. I do not participate in this group as I did not participate in the runup of the Indiabulls Group as well as the Anil Ambani Group. So I would just say this and rest my case.
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The companys consolidated total revenue from operations jumped 17.6 per cent on-year to Rs 16,971.9 crore, which was slightly higher than analysts estimates.