Adani Enterprises Q1 profit dives 62% to Rs 141 cr

Renewable energy business shows highest segmental revenue growth of 193%

Despite a segmental performance growth in renewable energy and city gas distribution (CGD), Adani Enterprises Limited (AEL) posted a 61.77 per cent decline in its consolidated net profit to Rs 141.15 crore for the first quarter ended June 30 of financial year 2017-18. The flagship company of the Adani Group had posted a consolidated net profit of Rs 369.24 crore for the corresponding period last year.

AEL’s total consolidated income stood at Rs 8,871.29 crore in Q1 of FY18 while the same was at Rs 9,174.06 crore in Q1 of FY17.

On a standalone basis, Adani Enterprises saw its Q1