Adani Enterprises posts Rs 31 cr standalone Q4 loss in FY17

As against this, company had posted a standalone profit of Rs 71 cr in Q4 of 2015-16

Adani Enterprises Ltd (AEL), the flagship company of the $12 billion Adani Group, has registered a standalone net loss of Rs 30.82 crore for the fourth quarter ended March 31, 2017 of fiscal 2016-17. As against this, the company had posted a standalone net profit of Rs 70.50 crore for the fourth quarter ended March 31, 2016 of fiscal 2015-16.

AEL's standalone Q4 total income grew by 27.38 per cent to Rs 2,884.66 crore in FY17, up from Rs 2,264.59 crore in the corresponding period last year. On an annual basis, AEL's standalone net profit fell by 57.38 per cent to