Updated
Updated · Bloomberg · Apr 30
Adani Enterprises reports fourth-quarter net loss
Updated
Updated · Bloomberg · Apr 30

Adani Enterprises reports fourth-quarter net loss

11 articles · Updated · Bloomberg · Apr 30
  • The Indian conglomerate posted a 2.2 billion rupee ($23.2 million) loss for the quarter ended 31 March, versus a 38.5 billion rupee profit a year earlier.
  • Weakness in its coal trading unit outweighed stronger performance in the airport and data centre businesses, pushing the flagship company into the red.
  • The results were disclosed in a stock exchange filing on Thursday, and the company said there were not enough estimates to produce a reliable consensus.
Adani's coal unit posts a massive loss. Are new global carbon regulations silently dismantling the entire industry?
Adani lost billions on coal but is betting $100B on AI. Is this a strategic pivot or a desperate gamble?
Adani is ditching coal for 'green' data centers. Could this pivot create an even larger environmental problem?