Adani Enterprises Faces 97% Profit Plunge: Key Insights Revealed

Adani Enterprises Reports Significant Profit Drop

Adani Enterprises Limited, a key player in the Adani Group, has announced a huge 97% decline in its net profit for the October-December quarter of this financial year. This drop is mainly due to reduced performance in its coal business, which is its primary revenue source.

In the latest report, the company stated that its net profit for the December quarter was ₹57.83 crore. This is a sharp decrease from ₹1,888.45 crore during the same period last year.

Key Financial Highlights

– **Net Profit:** ₹57.83 crore (a 97% drop from ₹1,888.45 crore in the same quarter last year)
– **Operating Income:** ₹22,848.42 crore (a 9% decrease compared to the previous quarter)
– **EBITDA from Coal Business:** ₹745 crore (a 50% decline from the previous quarter)

It is important to note that the coal business accounts for more than one-third of the company’s total revenue.

Adani Enterprises Limited Financial Highlights

Key Metrics Current Quarter Previous Quarter Change
Net Profit ₹57.83 crore ₹1,888.45 crore -97%
Operating Income ₹22,848.42 crore Not specified -9%
EBITDA from Coal Business ₹745 crore Not specified -50%

Note:

The company’s coal business contributes more than one-third of its total revenue.

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