Adani Enterprises Q3 Outcomes: Revenue almost worn out, falls 97% YoY to Rs 58 crore

Adani Enterprises, the flagship firm of Adani Group, noticed its revenue (attributable to homeowners) almost worn out within the third quarter ended December 2024.

The bottomline fell as a lot as 97% to Rs 58 crore, in contrast with Rs 1,888 crore within the last-year quarter.

Income from operations within the reporting quarter declined 9% year-on-year (YoY) to Rs 22,848 crore.

Following the outcomes, the corporate’s shares plunged greater than 4%, hitting the day’s low of Rs 2,220.35.

The corporate reported an EBITDA of Rs 3,071 crore, down 5% YoY. The identical stood at Rs 3,227 crore within the December quarter of the earlier fiscal.

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On a sequential foundation, the revenue after tax additionally dropped 97% from Rs 1,742 crore posted within the second quarter of the present fiscal. Revenues, in the meantime, confirmed a marginal bump (1%) quarter-on-quarter.