April 30 (Reuters) – India’s Adani Enterprises, the flagship firm of the billionaire Gautam Adani-led conglomerate, reported a fourth-quarter loss on Thursday. The company posted a consolidated net loss of 2.21 billion rupees ($23.27 million) in the quarter ended March, from a profit of 38.45 billion rupees a year ago.
In the year-ago quarter, the firm’s earnings got a one-time boost of 39.46 billion rupees from sale of its stake in consumer goods venture with Singapore’s Wilmar.
($1 = 94.9588 Indian rupees)
(Reporting by Anuran Sadhu and Urvi Dugar in Bengaluru; Editing by Mrigank Dhaniwala)