Home / Companies / News / Adani Enterprises posts Rs 75 cr Q2 loss as group firm writes off Rs 130 cr

Adani Enterprises posts Rs 75 cr Q2 loss as group firm writes off Rs 130 cr

The flagship company of Adani Group had seen a profit before tax of Rs 29 lakh in the corresponding quarter of previous fiscal 2018-19

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FILE PHOTO: Commenting on the results, Gautam Adani, Chairman Adani Group said the company is now looking forward to building the next set of businesses

Vinay Umarji Ahmedabad

4 min read Last Updated : Nov 13 2019 | 2:26 AM IST

A write-off worth Rs 130 crore of an exploration block in one of its group subsidiaries has led to Adani Enterprises Ltd (AEL) posting a loss before tax of Rs 74.54 crore for the second quarter ended September 30, 2019. The flagship company of Adani Group had delivered a profit before tax of Rs 29 lakh in the corresponding quarter of the previous fiscal 2018-19.

AEL's consolidated total income for the second quarter of fiscal 2019-20 stood at Rs 8,627 crore as against Rs 9,265 crore for the corresponding period in the previous year, registering a fall of six per

Topics : Adani Enterprises Adani Group Gautam Adani Adani Australia Coal Mine project

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