News Summary

• Adani Enterprises Ltd. reported a 49% fall in quarterly profit as weakness in its coal trading business outweighed gains in the airport and mining units.
• Net income at the Adani Group’s flagship was 7.34 billion rupees ($83.8 million) for the quarter ended June 30.
• There weren’t enough brokerages with profit estimates to generate an average forecast.
• The disappointing earnings sent the stock lower by 4% at close on Thursday, the most in nearly three months.