NEW DELHI: Impacted by falling prices of coal, Adani Enterprises Ltd (AEL), the Adani group flagship firm, on Thursday reported a 51% drop in its consolidated net profit (attributable to owners) to Rs 227.82 crore compared with Rs 460.94 crore in the corresponding quarter last year.
AEL’s consolidated revenue from operations fell 41% YoY to Rs 22,517.33 crore from Rs 38,175.23 crore in the same quarter last year. “We are fundamentally reshaping the essence of incubation scale and velocity,” said Gautam Adani, Chairman of the Adani Group. “Adani Enterprises covers sectors that span energy, utility, transport, D2C, and primary industries.
