Adani Enterprises' Q4 profit falls 38pc as roads business weighs

BENGALURU, May 02 (Reuters): India's Adani Enterprises reported a near-38 per cent 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's flagship company said in an exchange filing.
The conglomerate's road infrastructure segment's pre-tax profit plunged 84 per cent. Its commercial mining segment posted a pre-tax loss of 2.01 billion rupees compared with a profit of 2.31 billion rupees.
Revenue from operations rose 0.8 per cent to 291.80 billion rupees, while total expenses jumped 2.7 per cent to 283.08 billion rupees.