Adani Power Q3 net loss narrows to Rs 702 cr, income rises to Rs 6,684 cr
Adani Power Ltd (APL) on Thursday reported narrowing of its net loss to Rs 702.40 crore for the quarter ended on December 31, 2019.
The company had posted a net loss of Rs 1,180.78 crore in the year-ago quarter, APL said in a BSE filing. Total income rose to Rs 6,684.52 crore in the quarter under consideration as against Rs 6,667.11 crore in the year-ago quarter.
Total expenses in December quarter stood at Rs 7,333.07 crore as compared to Rs 7,507.61 crore in same period of 2018-19.
“During the Q3 FY 2019-20, APL, along with the power plants of its subsidiaries at Mundra,Tiroda, Kawai, and Udupi achieved an average plant load factor (PFL) of 70% while the Raipur power plant of REL achieved a PLF of 55%,” the filing said.
