Shares of Adani Enterprises Ltd on Thursday dropped 4% after the firm reported a 49% decline in the June quarter profit.
The company's stock declined 3.99% to settle at ₹2,430.95 apiece on the BSE. Intra-day, it fell by 4.33% to ₹2,422.35.
On the NSE, it edged lower by 4 per cent to ₹2,430.70.
Adani Enterprises Ltd, the flagship company of billionaire Gautam Adani's group, on Thursday reported a 49% decline in the June quarter profit as weak coal demand offset growth in the airport and mining units.
The company posted a net profit of ₹734 crore in April-June -- the first quarter of the 2025-26 fiscal -- compared with ₹1,458 crore earning in the same period a year back, according to a company statement.
A drop in coal-fired power demand, mainly due to a milder summer and earlier-than-expected monsoon, weighed on the mainstay coal trading division of the company, which contributes 36% of the revenue. It traded 17% less volumes at 12.8 million tonnes during the quarter.
Revenue from operations fell 14% to ₹22,437 crore, hurt by a 27% decline in its coal trading unit.
"Results for the quarter impacted primarily on account of the decrease in trade volume and volatility of index prices in IRM (integrated resources management) and commercial mining," the statement said.
