Adani Power net profit nosedives to Rs 3.88 cr in Sept quarter

New Delhi, Nov 13 () Adani Power Ltd (APL) on Wednesday said its consolidated net profit nosedived to Rs 3.88 crore in the quarter ended September 30, mainly due to a fall in revenue from operations.
It had clocked a net profit of Rs 386.89 crore during the corresponding period a year ago, the company said in a regulatory filing. Sequentially, the firm had reported a consolidated loss of Rs 263.39 crore during the June 2019 quarter.

The country’s largest private sector thermal power producer’s total revenue from operations in the September 2019 quarter fell to Rs 5,915.69 crore, compared with Rs 7,104.22 crore a year ago.

ADL’s total expenses during the quarter were Rs 6,658.44 crore, compared with Rs 6,955.35 in the year-ago period.