Adani Enterprises’ Q3 profit plummets by 88.41% to Rs 228.64 crore, revenue down 8.79% YoY

Adani Enterprises Ltd (AEL) reported a profit of Rs 228.64 crore in fiscal third quarter, down 88.41% from the same period last year. Revenue from operations also decreased by 8.79%. However, the company’s nine-month results showed strong performance in its incubating businesses, with a 29% increase in EBITDA and 6% increase in revenue.