Shares of Adani Enterprises Ltd slumped 5% on 30 January after the company announced its quarterly earnings for October-December. 

For the quarter under review, the company reported a significant decline in net profit to Rs 58 crore compared to Rs 1,888 crore reported in the same quarter of the previous fiscal year. The decline in net profit was impacted by performance at its coal trading division. 

The revenue from operations of the company during the quarter stood at Rs 22,848.42 crore, marking an 8.79% year-on-year (YoY) decline from Rs 25.050.23 crore reported in the same quarter last year. 

On the operating front, the earnings before interest, taxes, depreciation, and amortisation (EBITDA) slumped by 4.8% YoY to Rs 3,069.4 crore during Q3 compared to Rs 3,225.7 crore recorded during the same quarter of the previous financial year. However, the EBITDA margins expanded by 50 basis points to 13.4% during Q3FY25 from 12.9% in Q3FY24. 

The total income of the company fell to Rs 23,500 crore, which is a 7.98% decline against Rs 25,540 crore during Q3 of the previous fiscal year. 

The coal trading division faced challenges due to lower volumes, while profits were further impacted by foreign exchange losses from the company’s Australian operations.

Adani Enterprises reported a forex loss of Rs 296 crore, in contrast to a gain of Rs 101 crore in the previous year.

Additionally, the company’s profit took a Rs 300 crore hit following its exit from the consumer goods joint venture with Singapore-based Wilmar International. However, no further details were provided.

Revenue from the coal trading segment, which accounts for over one-third of the company’s total revenue, declined by 44% to Rs 8,980 crore.

At 3:30 pm, the shares of Adani Enterprises closed 3.05% lower at Rs 2,247.90 on NSE.

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