Adani Enterprises on Wednesday reported a 55% year-on-year (YoY) decline in consolidated net profit to Rs 1,492 crore for the second quarter of FY27, compared with Rs 3,304 crore in the corresponding quarter of the previous financial year.
\n\nThe company’s year-ago profit was boosted by exceptional gains worth Rs 3,583 crore, which influenced the comparative performance.
\n\nAdani Enterprises' consolidated revenue surged 75% YoY to Rs 37,216 crore in the July-September quarter of FY27, up from Rs 21,248 crore in the corresponding quarter of FY26.
\n\nAdani Enterprises' copper business jumped multifold to Rs 14,772 crore. It contributes nearly 40% of revenue. The firm operates the world's largest single-site copper smelter, in Gujarat copper consumption is rising due to demand from power transmission, renewable energy, electric vehicles, cables, electronics and infrastructure projects.
\n\nThis, along with capacity ramp-up at the copper smelter, has dwarfed most other new businesses of Adani Enterprises.
\n\nFurther, Adani recorded an exceptional gain of Rs 3,583 crore in the corresponding quarter a year earlier from the sale of a stake in AWL Agri.
\n\nAdani's airport business posted a nearly 13% rise in quarterly profit while the coal trading segment, which contributes over 20% of revenue, grew 6.6%.
\n\nAdani Enterprises’…
Original source: https://www.timesnownews.com/business-economy
