Adani Enterprises reported a steep decline in net profit, which fell to Rs 58 crore for the December quarter of FY25, compared to Rs 1,888 crore in the same period last year. The drop was attributed to weaker performance in its coal trading division.
The company’s revenue declined 9% year-on-year to Rs 22,848 crore, down from Rs 25,050 crore in Q3FY24. EBITDA also fell by 4.8% to Rs 3,069.4 crore, compared to Rs 3,225.7 crore in the year-ago period, though the EBITDA margin improved slightly to 13.4% from 12.9%.
Analysts linked the weak results to a slowdown in India’s coal demand, as power generation growth eased to 3% amid lower industrial demand and broader economic challenges.
Following the results, shares of Adani Enterprises declined nearly 4% to Rs 2,232.5 apiece at 2:25 PM on January 30.
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Source: Moneycontrol
News Desk
