Adani Power posts Rs 218 crore consolidated net profit for Dec quarter
Adani Power on Thursday posted Rs 218.49 crore consolidated net profit for December quarter 2021-22.
The company incurred a loss of Rs 288.74 crore in the year-ago period, a BSE filing stated.
Total income stood at Rs 5,593.58 crore in the quarter. It was Rs 7,099.20 crore in the same period a year ago.
Total expense was at Rs 5,389.24 crore in the quarter under review. In the year-ago period, it was Rs 7,304.95 crore.
The company said capacity utilization was impacted in the quarter due to shortage of domestic coal and high prices of imported coal.
The Tiroda plant was the only plant to report an increase in capacity utilization, whereas the Udupi plant was shut down for the entire quarter due to “backdown” by Karnataka power distribution companies on account of high import coal prices.
