MUMBAI: Adani Enterprises, the diversified flagship company of the Gautam Adani group with interests in coal mining, solar module manufacturing and edible oil business, reported consolidated net profit of ₹266 crore, up 47% from the ₹181.17 crore it reported in year-ago period, backed by a massive increase in coal mining volumes. Revenue for the quarter was ₹13,236.62 crore, up 36% from ₹9766 crore from the year-ago period.
During the quarter, Adani took an impairment of non-current assets of ₹670.80 crore due to continuous delay in regulatory approval process and various legal challenges in two businesses – coal mining and renewables –in Australia, the company said in the exchange filing.
For the quarter, consolidated EBIDTA stood at ₹943 crores vs Rs. 994 crores in Q4 FY 18. For the full year, net profit rose ₹505.91 crore, down 15% year-on-year from ₹594.20 crore in FY18.
