Adani Power reports Rs 230 cr loss for September quarter

Adani Power on Friday reported a consolidated net loss of Rs 230.60 crore for the September 2021 quarter, mainly due to lower revenues.

Its consolidated net profit had stood at Rs 2,228.05 crore in the quarter ended September 30, 2020, according to a BSE filing.

The company in a statement said, “Total comprehensive loss after tax was (-) Rs 239 crore for Q2 FY2021-22, as compared to an income of Rs 2,216 crore for Q2 FY 2020-21, due to higher contribution of one-time items to post-tax profit in Q2 of the previous year.”

The firm’s total income stood at Rs 5,571,76 crore in the quarter, compared with Rs 8,792,28 crore a year ago.