Now Reading: Adani Enterprises posts ₹1,160cr net loss on $275mn US settlement
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Adani Enterprises posts ₹1,160cr net loss on $275mn US settlement
Adani Enterprises posts ₹1,160cr net loss on $275mn US settlement
The Hindu reports that Adani Enterprises Ltd (AEL) posted a consolidated net loss of ₹1,160 crore in the June quarter FY27, its second straight quarterly loss, due to a one-time settlement of…
The Story in Brief
The Hindu reports that Adani Enterprises Ltd (AEL) posted a consolidated net loss of ₹1,160 crore in the June quarter FY27, its second straight quarterly loss, due to a one-time settlement of $275 million (₹2,644 crore) with the US Office of Foreign Assets Control (OFAC).
Excluding this exceptional charge, the core business remained profitable, with earnings before interest, taxes, depreciation and amortisation (EBITDA) rising 49% year-on-year to a record ₹5,642 crore. Revenue from operations jumped nearly 50% to ₹32,924 crore, driven by strong growth in airports, copper, and wind energy businesses.
The Indian Opinion
The headline loss risks being spun as a sign of trouble, but the core numbers tell a different story: record EBITDA and 50% revenue growth. Yet the second straight quarter of net loss, even from a one-time settlement, keeps the US legal overhang alive. The real test is whether AEL can sustain this operational momentum without further foreign regulatory shocks, watch the next quarter's cash flow and any new OFAC disclosures.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
