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AEL net profit slumps 97% on tepid coal trading
Hindustan Times Lucknow
|January 31, 2025
Adani Enterprises Ltd, the flagship company of billionaire Gautam Adani-led group, on Thursday reported a 97% drop in the third quarter net profit as key coal trading volumes were hit.
NEW DELHI:
Net profit declined to ₹57.83 crore in October-December 2024 - the third quarter of FY25 - from ₹1,888.45 crore earnings a year back, the company said in a statement.
Revenue from operations declined 9% to ₹22,848.42 crore.
Pre-tax profit (EBITDA) from the coal trading segment, which contributes more than a third of overall revenue, halved to ₹745 crore as volumes fell.
Dit verhaal komt uit de January 31, 2025-editie van Hindustan Times Lucknow.
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