The record
Written from the 1 report below. Nothing here is unsourced.
- Adani Enterprises reported a consolidated net loss of ₹1,160 crore for the June quarter after paying ₹2,644 crore ($275 million) to settle a matter with the US Office of Foreign Assets Control, recorded as a one-time exceptional item.
- The settlement relates to the company's LPG trading business between November 2023 and May 2025, in which OFAC said payments through US banks were made for shipments of Iranian-origin LPG supplied by a Dubai-based supplier that claimed the cargoes were from Oman or Iraq.
- The agreement does not constitute a final determination that a violation occurred and does not represent an admission of wrongdoing by the company.
- Despite the loss, the company posted its highest-ever quarterly EBITDA of ₹5,642 crore, with revenue rising 50 per cent year-on-year to ₹32,924 crore, driven by copper, mining and airports businesses.
What to watch next
- Impact of the company's suspension of LPG imports on future results
- Execution of milestones like Navi Mumbai airport international operations, Ganga Expressway tolling and the data centre order
- Deployment of the ₹15,000 crore qualified institutional placement completed in July
Coverage1
1 report
English national1
All filed from India
Named India · United States · Adani Enterprises Ltd · Adani Group · Gautam Adani · US Office of Foreign Assets Control
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.