Adani Enterprises Q2 net profit falls 55% despite 75% increase in revenue

What happened: Adani Enterprises reported a 55% fall in consolidated net profit for the September quarter, even as revenue from operations rose 75% year on year. Key numbers: Net profit down 55%. Revenue ₹37,216 crore, up 75%. Planned annual investment of ₹35,000 crore to ₹40,000 crore in airports and data centres. Why it matters: The company attributed the profit decline to an exceptional gain a year prior, while expenses rose sharply. It still plans large annual investments in airports and data centres.

Adani Enterprises reported a 55% fall in consolidated net profit for the September quarter, even as revenue from operations rose 75% year on year.

The company attributed the profit decline to an exceptional gain a year prior, while expenses rose sharply. It still plans large annual investments in airports and data centres.