Adani Power Q4 pre-tax loss widens to Rs 1652.6 cr due to high expenses
Adani Power on Monday reported a loss before tax of Rs 1,652.6 crore for the March 2020 ended quarter. The firm’s losses widened from Rs 84.12 crore seen in the corresponding quarter a year ago, on the back of higher expenses.
The company’s total income fell to Rs 6,327.57 crore in the quarter from Rs 8,077.89 crore in the year-ago period. Total expenses for the quarter under review was at Rs 7,980.17 crore as compared to Rs 8,162.01 crore in same period a year ago.
Adani Power’s consolidated net loss for the March quarter was at Rs 1,312.86 crore, mainly due higher operating cost, against a net profit of Rs 634.64 crore reported a year ago. A company executive said the loss was due to rise in operational costs in the quarter and entire financial year.
