Adani Flagship Slips Into Quarterly Loss as Costs Jump
Parsa East Kente Basan coal mine operated by Adani in Chhattisgarh, India.
Photographer: Idrfees Mohammed/AFP/Getty Images
Adani Enterprises Ltd. slipped into a loss in the fourth quarter, as costs jumped amid the company’s push into copper assets and airport expansion.
The company posted a net loss of 2.2 billion rupees ($23.2 million) for the three months ended March 31, compared with a profit of 38.5 billion rupees a year earlier, according to an exchange filing Thursday. Adani Enterprises doesn’t have enough estimates to compile a reliable consensus.