Adani Enterprises posts attributable loss of Rs 12 crore in Q3

Firm says results not comparable with previous period due to consolidation of Mumbai Airport in which group acquired 97.97% stake in GVK Airport Developers, its subsidiaries and JVs in July 2021

Impact on its developing business led to Adani Enterprises Ltd (AEL) registering a consolidated net loss of Rs 11.63 crore, attributable to owners of the company, for the third quarter ended December 31, 2021.

The flagship company of the Adani Group, AEL had registered an attributable profit after tax (PAT) of Rs 296.81 crore in the third quarter ended December 31, 2020 in the previous financial year 2020-21.

According to AEL, the quarterly results were not comparable with those of the previous period due to consolidation of Mumbai Airport where the group acquired 97.97 per cent stake in GVK Airport