Adani Enterprises' quarterly profit gets copper business lift

Adani Enterprises

28/10/2026 09:01

Oct 28 (Reuters) - Adani Enterprises ADEL.NS, the flagship firm of the billionaire Gautam Adani-led conglomerate, reported a rise in quarterly adjusted profit on Wednesday, led by robust performance at its copper business.  

Here are some more details:    
   
Consolidated profit before tax and exceptional items rose more than twofold to 20.02 billion rupees ($210.3 million) for the quarter ended September 30
Adani Enterprises' copper business, which contributes nearly 40% of revenue, jumped multifold to 147.72 billion rupees
The firm operates the world's largest single-site copper smelter, in the western Indian state of Gujarat
India's copper consumption is rising due to demand from power transmission, renewable energy, electric vehicles, cables, electronics and infrastructure projects
This, along with capacity ramp-up at the copper smelter, has dwarfed most other new businesses of Adani Enterprises
The company had recorded an exceptional gain of 35.83 billion rupees in the corresponding quarter a year earlier from the sale of a stake in AWL Agri, formerly known as Adani Wilmar
The firm's net profit dropped 55% to 14.92 billion rupees  
Adani's airport business posted a nearly 13% rise in quarterly profit 
The coal trading segment, which contributes over 20% of revenue, grew 6.6% 
Revenue from operations rose about 75% to 372.16 billion rupees; cost of materials consumed jumped over threefold, pushing total expenses higher by 71% to 360.21 billion rupees          


($1 = 95.1875 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru; Editing by Mrigank Dhaniwala)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))