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.
Adani Enterprises' Q4 profit falls 38pc as roads business weighs
FE Team | Published: May 03, 2024 00:23:46
Adani Enterprises' Q4 profit falls 38pc as roads business weighs
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