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The Economic Times
The Economic Times
Business

Adani Enterprises Q1 Results: Co reports loss of Rs 1,160 cr on one-time expense; revenue surges 50% YoY

Adani Enterprises

Adani Enterprises on Wednesday reported a net loss of Rs 1,160 crore in the first quarter, compared with a profit of Rs 885 crore in the last year quarter. Revenue from operations in the reporting period increased 50% year-on-year (YoY) to Rs 32,924 crore.

The company reported an exceptional loss of Rs 2,644 crore due to the payment of settlement amount with the OFAC.

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