Adani Enterprises' net profit plunges by nearly 50% in Q1 of FY26
Adani Enterprises shares closed 4% lower on Thursday at Rs 2,431 apiece on the BSE.
A drop in coal-fired power demand, mainly due to a milder summer and earlier-than-expected monsoon, weighed on the mainstay coal trading division of the company, which contributes 36% of the revenue. It traded 17% fewer volumes at 12.8 million tonnes during the quarter.
"Results for the quarter impacted primarily on account of the decrease in trade volume and volatility of index prices in IRM (integrated resources management) and commercial mining," AEL said in a statement.
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