Adani Enterprises Q2 net more than doubles to Rs 4.61 bn, revenue triples

BENGALURU (Reuters) – India’s Adani Enterprises on Thursday reported a quarterly profit that more than doubled, helped by strong performance at its integrated resources management and airports divisions.

The company’s consolidated profit rose to 4.61 billion Indian rupees ($55.60 million) for the second quarter ended Sept. 30, from 2.12 billion rupees a year earlier.

Revenue from operations of the flagship company of coal-to-cooking oil conglomerate Adani Group nearly tripled to 381.75 billion rupees during the reported quarter.

The integrated resources management division, mainstay segment for the company, saw revenue more than triple to 304.35 billion rupees, helped by strong volumes and improved prices.