Adani Enterprises net tanks 97%, stock down 3%

Adani Enterprises reported a 97% drop in quarterly profit, significantly impacted by its coal trading unit and foreign exchange loss. Revenue fell almost 9% to Rs 22,850 crore. This comes amid allegations of the chairman and his nephew's involvement in a $250 million bribery scheme.

Jan 31, 2025 - 08:30

Adani Enterprises net tanks 97%, stock down 3%

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Adani Enterprises reported a 97% drop in quarterly profit, significantly impacted by its coal trading unit and foreign exchange loss. Revenue fell almost 9% to Rs 22,850 crore. This comes amid allegations of the chairman and his nephew's involvement in a $250 million bribery scheme.