Home / BUSINESS / Adani Power turns black in Q4

Adani Power turns black in Q4

Adani Power has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a net loss of Rs 62.82 crore for the quarter under review as compared to net loss of Rs 556.15 crore for the same quarter in the previous year. However, total income of the company jumped by 2-fold at Rs 263.56 crore for Q4FY19 as compared Rs 123.14 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net profit of Rs 634.64 crore for the quarter under review against net loss of Rs 653.25 crore for the same quarter in the previous year. Total income of the company increased by 94.12% at Rs 8,077.89 crore for Q4FY19 as compared Rs 4,161.19 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a net loss of Rs 225.23 crore as compared to net loss of Rs 23.77 crore for the previous year. Total income of the company decreased by 59.58% at Rs 3,469.87 crore for year under review as compared to Rs 8,584.05 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a net loss of Rs 984.40 crore as compared to net loss of Rs 2,102.95 crore for the previous year. However, total income of the company increased by 24.98% at Rs 26,361.63 crore for year under review as compared to Rs 21,093.43 crore for year ended March 31, 2018.

Please share this news