Adani Enterprises net profit falls 49% on weak coal demand

Adani Enterprises Ltd, the flagship company of billionaire Gautam Adani's group, on Thursday reported a 49% decline in the June quarter profit as weak coal demand offset growth in the airport and mining units.

- PTI

The company posted a net profit of ₹734 crore in April-June—the first quarter of the 2025-26 fiscal year—compared with ₹1,458 crore in the same period a year back, according to a company statement.

A drop in coal-fired power demand, mainly due to a milder summer and earlier-than-expected monsoon, weighed on the coal trading division of the company, which contributes 36% of the revenue. It traded 17% less volumes at 12.8 million tonnes during the quarter.

Revenue from operations fell 14% to ₹22,437 crore, due to a 27% decline in its coal trading unit.