Adani Enterprises Faces 97% Plunge in Q3 Net Profit
Adani Enterprises Ltd experienced a significant 97% drop in net profit in Q3 fiscal year 2025, primarily due to reduced coal trading volumes amid rising renewable energy use. The company's revenue fell by 9%, and forex losses from Australian operations further impacted profits.
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- Country:
- India
Adani Enterprises Ltd, the leading entity of the Gautam Adani group, reported a sharp 97% decline in its third-quarter net profit, causing its shares to fall 3% on Thursday.
The stock closed at Rs 2,252.65 on the BSE, following an intra-day drop of 5%. On the NSE, it ended at Rs 2,247.90.
This profit decline, attributed to a slowdown in the coal trading segment impacted by increased renewable energy demand, saw revenue dip 9% to Rs 22,848.42 crore.
Pre-tax profits from coal trading, a significant revenue segment, halved to Rs 745 crore. Additionally, forex losses due to the Australian dollar depreciation impacted overall financial performance.
(With inputs from agencies.)
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