Adani Enterprises Q3 PAT down 30% YoY at Rs 297 cr despite rise in revenues

Increased expenses, loss in comprehensive other income hit company's profits

Gautam Adani-led Adani Enterprises reported a consolidated net profit of Rs 297 crore in the December quarter, down 30 per cent from same period last year on the back of increased expense that ate into the profits even as revenues were marginally up.

The company’s topline in the period under review stood at Rs 11,620 crore, up 6.1 percent from December quarter last year.

Within the revenue segments, integrated resources management was the highest contributor at Rs 7,470 crore in the quarter gone but was marginally down 1.6 percent from same period last year. Mining and solar manufacturing revenues were