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Adani Enterprises Q3 Result: A drastic decline of 97% in profit, Adani Enterprises results gave a big blow – Adani Enterprises Q3 Net Profit Falls Sharply To Rupees 58 Crooor Adani Grore Adani Group Flagip Flagip Conship Conship Conship Conship Conship Conship

Adani Enterprises Q3 Result: Adi Group’s flagship company Adani Enterprises received a strong shock in the December quarter. Due to poor performance of coal trading division, its profit fell nearly 97 percent on an annual basis. During this time, revenue also fell 9 percent. Talking about shares, today it slipped 2.85 per cent on BSE at ₹ 2252.65. It slipped 5.04 per cent to ₹ 2202.00 in intra-day. Its shares have come down by 40 per cent from the record high. This year it has weakened about 11 percent so far.

Adani Enterprises Q3 Result: Special things

In the December 2024 quarter, the net profit of Adani Enterprises fell from ₹ 1888 crore to ₹ 58 crore on an annual basis. During this period, the company’s revenue fell 9 per cent to ₹ 22,848 crore and EBITDA 4.8 per cent slipped to ₹ 3,069.4 crore. The EBITDA margin slipped from 12.9 per cent to 13.4 per cent on a annual basis. The company fell from ₹ 25,540 crore to ₹ 23,500 crore during this period.

The company’s business was shocked by the weak demand for coal in the December quarter. According to news agency Reuters, analysts say that the demand for coal in India weakened in India in the December quarter due to widespread economic lethargy and decrease in demand from the industry. The coal trading division suffered a shock to the lower volume while its profits were shocked by the Foreign Exchange Loss in the Australian business. Adani Enterprises received a forex loss of ₹ 296 crore in the December 2024 quarter, while in the December 2023 quarter it had a forex gain of ₹ 101 crore. Apart from this, the company’s profits were shocked by ₹ 300 crore for separation from Consumer Goods Joint Venture with Wilmer International of Singapore. The coal trading segment company has more than one-third stake in overall revenue and fell 44 per cent to ₹ 8980 crore in the December quarter.

How was the move of shares in a year?

Adaani Enterprises shares were at Rs 3743.00 on 3 June 2024, which is a one -year record high level for its shares. This boom of shares stopped here and in less than six months from this high level, it slipped more than 45 per cent to Rs 2030.00 on 22 November 2024, which is a one -year record low level for its shares. At the lower level, the shares were recovering about 11 per cent on the basis of manipulating and purchasing, but still it is about 40 per cent downside from one year of high.

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