Moneycontrol PRO
HomeNewsBusinessEarningsAdani Power Q4 net plunges 71.72% to Rs 715.05 cr

Adani Power Q4 net plunges 71.72% to Rs 715.05 cr

Adani Power today reported 71.72 percent plunge in consolidated net profit for the quarter ended March 31, 2015, to Rs 715.05 crore due to decline in sales.

May 11, 2015 / 18:43 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Adani Power Monday reported 71.72 percent plunge in consolidated net profit for the quarter ended March 31, 2015, to Rs 715.05 crore due to decline in sales.

    The company had reported a net profit of Rs 2,528.55 crore in the corresponding quarter last fiscal. Total revenues for January-March quarter stood at Rs 4,667.56 crore against Rs 5,996.49 crore in the year-ago period, the company said in a statement.

    During the quarter, the company reported an exceptional income of Rs 657.56 crore mainly due to gain arising as a result of demerger of transmission business and subsequent stake sale of transmission business to Adani Transmission.

    For year 2014-15, the company's consolidated net loss widened to Rs 815.63 crore, from Rs 290.55 crore in 2013-14. Total revenues increased 24 percent to Rs 19,544.94 crore in 2014-15 compared to Rs 15,768.08 crore in 2013-14.

    "Revenue during the year increased because of higher effective operational capacity of 8,891 MW as compared to 7,182 MW in the corresponding previous year," Adani Power Chairman Gautam Adani said.

    He further said the past year was momentous as Adani Power became the country's largest private power producer and with the completion of acquisition of Udupi power plant its installed capacity has increased to 10,440 MW. "We remain committed to continue expanding towards the goal of achieving a generation capacity of 20,000 MW by 2020 to bridge the power deficit in the country," he said.

    During the quarter, the company sold 12 billion units against 11.8 billion units in the last quarter of 2013-14, while it sold 50.7 billion units during 2014-15 as compared to 40.1 billion units in 2013-14. Shares of Adani Power closed up by 4.08 percent at Rs 43.40 on BSE. 

    first published: May 11, 2015 06:22 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseOutskill Genai