Adani Enterprises posts 44% jump in Q1 profit

Adani Enterprises reported a 44% YoY rise in Q1 profit, driven by a strong performance in its new energy sector, which saw earnings jump seven-fold to INR 3.55bn ($47.5m). This growth countered the impact of a 5% rise in earnings from its core coal business in which lower coal prices and volumes impacted earnings for Q1 2021.

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