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Adani Power reports net loss of Rs 323.61 crore in Q3FY17

20 Jan 2017 Evaluate

Adani Power has reported results for third quarter ended December 31, 2016.  

The company has reported a net loss of Rs 478.39 crore for the quarter under review as compared to net loss of Rs 30.24 crore for the same quarter in the previous year. Total income of the company decreased by 4.11% at Rs 3063.97 crore for the quarter under review as compared Rs 3195.23 crore for the corresponding quarter previous year.  

On the consolidated basis, the company has reported a net loss after taxes of Rs 323.61 crore for the quarter ended December 31, 2016 as compared to net profit of Rs 109.49 crore for the same quarter in the previous year. Total income of the company decreased by 5.45% to Rs 5872.57 crore for quarter under review from Rs 6210.76 crore for the quarter ended December 31, 2015.

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