Adani Enterprises Q3 profit drops 99% to Rs 1.8 cr

Adani Enterprises on Monday reported a 99.4 per cent decline in consolidated profit to Rs 1.80 crore for the quarter ended December 31, 2021.

The company had posted a consolidated profit of Rs 343.17 crore in the corresponding quarter last fiscal, Adani Enterprises said in a BSE filing.

Its consolidated income during the third quarter of FY22 increased to Rs 18,963.40 crore as against Rs 11,787.82 crore in the year-ago period, the filing said.

The total expenses during October-December 2021 increased to Rs 19,047 crore, over Rs 11,303.97 crore in the year-ago period, the filing said.