Adani Power Q4 results: Higher operating cost leads to net loss of Rs 1,312 cr; FY20 loss widens to Rs 2.2k cr
NEW DELHI: Adani Power Monday reported a consolidated net loss of Rs 1,312.86 crore for the quarter ended March 31, mainly due higher operating cost.
The company had posted a consolidated net profit of Rs 634.64 crore in the year-ago quarter, Adani Power said in a BSE filing. Its total income slipped to Rs 6,327.57 crore in the quarter from Rs 8,077.89 crore in the year-ago period.
Total expenses in March quarter stood at Rs 7,980.17 crore as compared to Rs 8,162.01 crore in same period of 2018-19.
A company official said that the loss is mainly due to rise in operational costs in the quarter and entire fiscal.
The company’s consolidated net loss stood at Rs 2,274.77 crore in 2019-20 compared to Rs 984.40 crore loss in 2018-19.
