Adani Enterprises Net Profit Falls 10% To ₹ 343.7 Crore In December Quarter

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Adani Enterprises, the flagship company of Adani group, on Wednesday, February 3, reported a 10.39 per cent fall in its consolidated profit to ₹ 343.17 crore for the third quarter of the current financial year. The Gautam Adani-led company had clocked a consolidated profit of ₹ 382.98 crore in the corresponding quarter a year ago, the firm said in a regulatory filing. The consolidated total income for the latest quarter rose to ₹ 11,787.82 crore from ₹ 11,075.32 crore in the year-ago period. The total expenses increased to ₹ 11,303.97 crore in the December quarter as compared to ₹ 10,635.16 crore in the year-ago period.

The consolidated total income for the quarter increased by 6sixper cent at ₹ 11,788 crore owing to increased sales in dolar manufacturing business. The earnings before interest, tax, depreciation and amortization (EBIDTA) for the quarter increased by six per cent to ₹ 939 crore owing to increased sales in domestic content requirement segment in the solar manufacturing business, leading to a better margin. 

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