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Companies

Adani Enterprises first-quarter profit jumps three times on one-time gain

Favorable court order helps the company record gain from mining

MUMBAI (NewsRise) -- Adani Enterprises, controlled by billionaire Gautam Adani, said first-quarter profit jumped more than three times, helped by a one-time gain from a claim in its mining business.

Consolidated net income in the three months ended in June stood at 6.01 billion rupees ($85 million), compared with 1.69 billion rupees a year earlier, the company said in a statement on Thursday. Total income grew 39% to 106.86 billion rupees. Analysts were expecting the company to report a profit of 2.11 billion rupees, according to Refinitiv data.

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