Adani Power reports Rs 1,312 cr loss in Q4; FY20 loss widens to Rs 2,275 cr

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Adani Power on April 27 reported a consolidated net loss of Rs 1,312.86 crore for the quarter ended March 31, 2020.

The company had posted a consolidated net profit of Rs 634.64 crore in the year-ago quarter, Adani Power said in a BSE filing.

Its total income slipped to Rs 6,327.57 crore in the quarter from Rs 8,077.89 crore in the year-ago period.

Total expenses in March quarter stood at Rs 7,980.17 crore as compared to Rs 8,162.01 crore in same period of 2018-19.

The company's consolidated net loss stood at Rs 2,274.77 crore in 2019-20 compared to Rs 984.40 crore loss in 2018-19.

Its total income rose to Rs 27,841.81 crore in the last fiscal from Rs 26,361.63 crore in 2018-19.

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"The Adani Group has stood by its commitment to the nation, to ensure uninterrupted availability of power in the tumultuous times of the COVID-19 lockdown.