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Adani Enterprises Swings to Consolidated Loss in Fiscal Q4

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Adani Enterprises (NSE:ADANIENT, BOM:512599) booked a consolidated net loss attributable to the owners of 2.21 billion Indian rupees in the fiscal fourth quarter, compared with a net profit of 38.4 billion rupees a year ago, according to an Indian bourse filing on Thursday.

Loss per share for the quarter ended March 31 stood at 1.71 rupees, compared with earnings per share of 32.02 rupees a year earlier.

The conglomerate's revenue from operations, however, jumped year on year to 324.4 billion rupees from 269.7 billion rupees, the filing said.

Adani Enterprises' board recommended a dividend of 1.30 rupees per share for the fiscal year ended March 31. The dividend will be paid on or after June 30 to shareholders of record June 12.

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