Adani Enterprises profit drops 55% to Rs 195 crore in Sept quarter
Adani Enterprises Ltd (AEL) on Wednesday reported a 55.3 per cent decline in consolidated profit at Rs 194.54 crore for the quarter ended September, hit by higher expenses.
The company had posted a consolidated profit of Rs 435.73 crore in the year-ago period, Adani Enterprises said in a filing to BSE.
However, consolidated total income during July-September quarter increased to Rs 13,597.10 crore over Rs 9,312.14 crore in the year-ago period.
Total expenses increased to Rs 13,408.53 crore from Rs 8,788.59 crore.
“AEL continues to prove itself as India’s most successful incubator — and remains unmatched in developing exciting new ideas strategically linked to the Adani portfolio of companies,” Gautam Adani, chairman of the Adani Group, said.
