<p class="title">Adani Enterprises on Wednesday reported a 10.39 per cent fall in its consolidated profit to Rs 343.17 crore for the third quarter ended December 2020.</p>.<p class="bodytext">The Gautam Adani-led company had clocked a consolidated profit of Rs 382.98 crore in the corresponding quarter a year ago, it said in a regulatory filing.</p>.<p class="bodytext">Its consolidated total income for the latest quarter rose to Rs 11,787.82 crore from Rs 11,075.32 crore in the year-ago period.</p>.<p class="bodytext">The total expenses increased to Rs 11,303.97 crore in the December quarter compared to Rs 10,635.16 crore in the same period of the previous fiscal year.</p>.<p class="bodytext">"Consolidated Total Income for the quarter increased by 6 per cent at Rs 11,788 crore owing to increased sales in Solar Manufacturing business. The EBIDTA for the quarter increased by 6 per cent to Rs 939 crore owing to increased sales in Domestic Content Requirement segment in Solar Manufacturing business, leading to better margin," the company said in a statement.</p>.<p class="bodytext">The profit after tax (PAT) attributable to owners for Q3 FY21 was Rs 297 crore as against Rs 426 crore a year ago, owing to exceptional write off of exploration block on termination by the Ministry of Petroleum and Natural Gas.</p>.<p class="bodytext">"Adani Enterprises continued its journey towards laying the foundation for several new businesses that the Group is venturing into. These include Airports, Data Centers, Roads, and Water.</p>.<p class="bodytext">"The fact that Adani Enterprises was able to grow its Revenue and EBIDTA through a year of crisis is a reflection of the resilience of India’s economy as well as our confidence and commitment to continue to invest to build our nation’s infrastructure," Gautam Adani, Chairman Adani Group, said.</p>.<p class="bodytext">Adani Enterprises is the flagship company of Adani Group.</p>
<p class="title">Adani Enterprises on Wednesday reported a 10.39 per cent fall in its consolidated profit to Rs 343.17 crore for the third quarter ended December 2020.</p>.<p class="bodytext">The Gautam Adani-led company had clocked a consolidated profit of Rs 382.98 crore in the corresponding quarter a year ago, it said in a regulatory filing.</p>.<p class="bodytext">Its consolidated total income for the latest quarter rose to Rs 11,787.82 crore from Rs 11,075.32 crore in the year-ago period.</p>.<p class="bodytext">The total expenses increased to Rs 11,303.97 crore in the December quarter compared to Rs 10,635.16 crore in the same period of the previous fiscal year.</p>.<p class="bodytext">"Consolidated Total Income for the quarter increased by 6 per cent at Rs 11,788 crore owing to increased sales in Solar Manufacturing business. The EBIDTA for the quarter increased by 6 per cent to Rs 939 crore owing to increased sales in Domestic Content Requirement segment in Solar Manufacturing business, leading to better margin," the company said in a statement.</p>.<p class="bodytext">The profit after tax (PAT) attributable to owners for Q3 FY21 was Rs 297 crore as against Rs 426 crore a year ago, owing to exceptional write off of exploration block on termination by the Ministry of Petroleum and Natural Gas.</p>.<p class="bodytext">"Adani Enterprises continued its journey towards laying the foundation for several new businesses that the Group is venturing into. These include Airports, Data Centers, Roads, and Water.</p>.<p class="bodytext">"The fact that Adani Enterprises was able to grow its Revenue and EBIDTA through a year of crisis is a reflection of the resilience of India’s economy as well as our confidence and commitment to continue to invest to build our nation’s infrastructure," Gautam Adani, Chairman Adani Group, said.</p>.<p class="bodytext">Adani Enterprises is the flagship company of Adani Group.</p>