{"id":643459,"date":"2024-05-03T15:16:32","date_gmt":"2024-05-03T09:46:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=643459"},"modified":"2024-05-03T15:16:32","modified_gmt":"2024-05-03T09:46:32","slug":"indias-adani-enterprises-q4-profit-falls-38-as-roads-business-weighs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-adani-enterprises-q4-profit-falls-38-as-roads-business-weighs\/","title":{"rendered":"India&#8217;s Adani Enterprises&#8217; Q4 profit falls 38% as roads business weighs"},"content":{"rendered":"<p>India&#8217;s Adani Enterprises reported a near-38% fall in profit on Thursday due to weak performance in its roads segment and higher expenses.<\/p>\n<p>Consolidated net profit fell to 4.51 billion rupees ($54.1 million) for the quarter ended March 31 from 7.22 billion rupees a year ago, the Adani group&#8217;s flagship company said in an exchange filing.<\/p>\n<p>The conglomerate&#8217;s road infrastructure segment&#8217;s pre-tax profit plunged 84%.<\/p>\n<p>Its commercial mining segment posted a pre-tax loss of 2.01 billion rupees compared with a profit of 2.31 billion rupees.<\/p>\n<p>The lacklustre performance in the mining and infrastructure segments outweighed strong performance in the company&#8217;s mainstay coal trading division, where profit before taxes nearly doubled to 15.71 billion rupees.<\/p>\n<p>Revenue from operations rose 0.8% to 291.80 billion rupees, while total expenses jumped 2.7% to 283.08 billion rupees.<\/p>\n<p>Shares of Adani Enterprises, which are up 6.3% so far this year, closed down 0.8% after the results.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Adani Enterprises reported a near-38% fall in profit on Thursday due to weak performance in its roads segment and higher expenses. Consolidated net profit fell to 4.51 billion rupees ($54.1 million) for the quarter ended March 31 from 7.22 billion rupees a year ago, the Adani group&#8217;s flagship company said in an exchange filing. The conglomerate&#8217;s road infrastructure segment&#8217;s pre-tax profit plunged 84%. Its commercial mining segment posted a pre-tax loss of 2.01 billion rupees compared with a profit of 2.31 billion rupees. The lacklustre performance in the mining and infrastructure segments outweighed strong performance in the company&#8217;s mainstay [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[230],"tags":[],"class_list":["post-643459","post","type-post","status-publish","format-standard","hentry","category-roads"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/643459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=643459"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/643459\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=643459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=643459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=643459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}