Adani Enterprise Q2 results: Net profit halves as mining losses widen
Billionaire Gautam Adani’s flagship firm on Thursday reported halving of the second quarter net profit as losses in the mining business widened and operating expenses rose.
Adani Enterprises Ltd’s July-September quarter consolidated net profit of ₹222.82 crore was down 50.5 per cent when compared with ₹460.94 crore net profit in the same period last year, according to a stock exchange filing by the company.
While operating expenses rose 8 per cent, the company booked a one-time loss of ₹88 crore on realisable value of assets held for sale of one of the subsidiaries of the group, Mundra Solar PV Ltd.
