Adani Enterprises reports ₹1,160 crore Q1 loss after ₹2,644 crore OFAC settlement
Adani Enterprises posted a net loss in the June quarter following a one-time US OFAC settlement tied to LPG trading. The company said revenue and EBITDA reached record quarterly levels, led by airports, copper and infrastructure businesses.
Adani Enterprises posted a ₹1,160 crore Q1 loss after a one-time ₹2,644 crore US OFAC settlement related to LPG trading. Excluding the charge, it reported record quarterly EBITDA and revenue growth led by airports, copper and infrastructure.
Why this matters
The loss follows Adani Enterprises' earlier record-Q1-EBITDA signal, including 49% airport-business growth, and contrasts with Q1 profit gains reported by Asian Paints, Colgate, V-Guard and Dabur.
Retail-company signals are accelerating, up 308450% QoQ.