Adani Enterprises Q2 results: Profit jumps 84% on one-time gains; core earnings fall on coal slump, revenue dips 6% YoY
Adani Enterprises reported an 84% profit surge, largely due to a one-time stake sale gain. However, core operations saw a profit dip and revenue decline, primarily from its coal business. The company plans a Rs 25,000 crore rights issue for expansion, while its airport and new energy segments showed growth.
Adani Enterprises reported an 84% profit surge, largely due to a one-time stake sale gain. However, core operations saw a profit dip and revenue decline, primarily from its coal business. The company plans a Rs 25,000 crore rights issue for expansion, while its airport and new energy segments showed growth. What's Your Reaction?
