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Adani Enterprises Swings to Consolidated Net Loss in Fiscal Q1

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Adani Enterprises (NSE:ADANIENT, BOM:512599) posted a consolidated attributable net loss of 11.6 billion Indian rupees in fiscal first quarter, compared with a net profit of 8.85 billion rupees a year ago.

Loss per share in the quarter ended June 30 stood at 8.91 rupees, compared with earnings per share of 7.12 rupees last year, according to a Wednesday filing to the Indian stock exchanges by the global integrated infrastructure company.

Revenue from operations in fiscal Q1, however, increased to 329.2 billion rupees from 219.6 billion rupees a year ago.

Shares of the company rose nearly 1% at market close.

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