India's Adani Enterprises, the flagship company of the Adani Group, on Thursday reported its biggest quarterly profit slump in three years in the third quarter, as a fall in power demand weighed on its key coal trading division.

Revenue decreased by 1.03% YoY & profit decreased by 17.05% YoY, profit at ₹8505.57 crore and revenue at ₹35779.78 crore

State-miner Coal India Ltd. reported a 17% decline in third-quarter profit, after a slowing economy resulted in a moderate consumption growth for the fuel that helps produce nearly three-quarters of the nation’s electricity.

India's Adani Enterprises, the flagship company of the Adani group, reported a slump in third-quarter profit on Thursday, impacted by performance at its key coal trading division. The company's consolidated net profit declined to 578.

Profit also took a 3 billion rupees ($46.9 million) hit from its exit from joint venture with Singapore’s Wilmar. Read more at straitstimes.com.