Adani Enterprises report increase in Q2 profits despite coal sector facing slowdown

Adani Enterprises reported a substantial rise in Q2 profits, driven by the renewable energy sector's growth despite a slowdown in coal trading. The company's revenue increased by 15.7%, reaching Rs 226.08 billion. Solar and wind energy segments significantly boosted overall profit, while coal segment profits declined due to above-average rainfall.

Oct 30, 2024 - 19:30
Adani Enterprises report increase in Q2 profits despite coal sector facing slowdown
Adani Enterprises reported a substantial rise in Q2 profits, driven by the renewable energy sector's growth despite a slowdown in coal trading. The company's revenue increased by 15.7%, reaching Rs 226.08 billion. Solar and wind energy segments significantly boosted overall profit, while coal segment profits declined due to above-average rainfall.