Adani Power posts Q4 net loss of Rs 351.03 cr
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The company reported standalone net loss during the quarter stood at Rs 351.03 crore as compared to net loss of Rs 79.02 crore in the previous year quarter. Net revenue of the company declined substantially by 34.82 per cent at Rs 346.33 crore in January-March quarter of this fiscal as against Rs 531.31 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 39.40 per cent to Rs 334.69 crore from Rs 552.27 crore in year ago period. Other Income dipped by 185.31 per cent at Rs -184.68 crore versus (Mar'20 Rs 216.48 crore).
Operating Profit surged by 155.53 per cent to Rs 11.64 crore as against Rs -20.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 185.28 per cent in March quarter. Interest declined by 36.03 per cent y-o-y to Rs 170.26 crore
