Wednesday, July 23, 2025
HomeBusinessAdani Enterprises net tanks 97%, stock down 3%

Adani Enterprises net tanks 97%, stock down 3%

-

[ad_1]

Adani Enterprises net tanks 97%, stock down 3%

Adani Enterprises posted a sharp fall in its quarterly profit, weighed down by the coal trading unit and a foreign exchange loss, marking a tepid show in its first earnings since billionaire-chairman Gautam Adani was indicted in a US bribery probe in Nov.
Net income at Adani flagship firm fell 97% to Rs 57.8 crore for the quarter ended on Dec 31, compared with the same period a year earlier, according to an exchange filing . There weren’t enough brokerages tracking the company to derive an average profit forecast. Shares closed almost 3% lower on BSE on Thursday.
Revenue for the firm – known as the group’s incubator overseeing a motley mix of fledgling businesses including airports, roads, data centers and health care – slipped 8.8% to Rs 22,850 crore. The earnings signal headwinds for the company as it undertakes capital spending, while Adani and his nephew face allegations by US prosecutors. They have been accused of participating in an over $250 million bribery scheme involving Indian officials for securing green energy contracts and concealing that from US investors.



[ad_2]

Source link

LATEST POSTS

Talk Fusion 2.0: The Smartest Business to Join in 2025

In today’s fast-paced digital economy, people are seeking smarter, faster, and more sustainable ways to generate income. As traditional job security fades and remote work...

How to Host a Tournament in 92 Pak Game

The Excitement of Organizing Your Own Tournament Hosting a tournament in the 92 Pak Game is more than just a competition—it’s a celebration of community, gaming...

Ceritafilm Explores the Heart of Every Movie Through Story Reviews

Introducing ceritafilm: Where Movies Meet Meaningful Stories In a world flooded with movie ratings, short reviews, and spoiler-filled discussions, https://ceritafilm.com stands out by offering something truly...

Battery, Keyboard, and Screen: Key Areas to Assess in Used Laptops

Understanding the Importance of Core Components in μεταχειρισμένα laptop When considering the purchase of a μεταχειρισμένα laptop, it’s essential to evaluate several key hardware components to...

Most Popular

spot_img