Adani Enterprises Ltd (AEL) on Tuesday reported a marginal 2 per cent decline in consolidated profit after tax (PAT) to Rs 325.76 crore for the quarter ended on March 31, 2022, on the back of higher expenses.
The company had posted a consolidated PAT of Rs 332.53 crore in the year-ago period, Adani Enterprises said in a filing to BSE.
The consolidated income of the company during January-March period increased to Rs 25,141.56 crore from Rs 13,688.95 crore in the year-ago period, the filing said.
The company's expenses during the period increased to Rs 24,673.25 crore from Rs 13,213.95 crore in the year-ago period.
"AEL as the most successful incubator in India continues to develop exciting new businesses which are strategically linked to Adani portfolio of companies," Adani Group Chairman Gautam Adani said.