Adani Power standalone Q4 net loss widens to ₹79 crore

Adani Group’s power arm Adani Power Limited on Monday posted standalone net loss of ₹79 crore for the fourth quarter ended March 31, 2020. The company’s losses widened further from ₹63 crore reported in the same quarter last year.

APL reported standalone revenues from operations at ₹531 crore as against ₹30 crore in the corresponding quarter last year.

For the financial year 2019-20, APL reported standalone net loss at ₹1,340 crore (₹225 crore). Total standalone revenues from operations stood at ₹1,005 crore (₹2,404 crore).

On consolidated basis, the company’s net loss for the fourth quarter stood at ₹1,313 crore, as against the net profit of ₹635 crore in the same quarter last year. Consolidated revenues from operations for the quarter stood at ₹6,172 crore as against ₹6,722 crore, the company informed in a regulatory filing Monday.