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Adani Enterprises profit jumps 138% as group moves past Hindenburg
Adani Enterprises Ltd's net income doubled in the quarter ended March 31 since the scathing short seller attack. The firm posted a net income of 7.22 billion rupees, compared to 3.04 billion rupees in the same period last year, due to cost reduction and revenue growth. The revenue grew 26% to 313.5 billion rupees, while total costs climbed 22% to 301.8 billion rupees.
Adani Enterprises Ltd's net income doubled in the quarter ended March 31 since the scathing short seller attack. The firm posted a net income of 7.22 billion rupees, compared to 3.04 billion rupees in the same period last year, due to cost reduction and revenue growth. The revenue grew 26% to 313.5 billion rupees, while total costs climbed 22% to 301.8 billion rupees. 
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