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Adani Power’s consolidated net loss narrows to Rs 288 crore in Q3

04 Feb 2021 Evaluate

Adani Power has reported results for third quarter ended December 31, 2020.

The company has reported net loss at Rs 58.67 crore for the quarter under review as compared to net loss of Rs 66.66 crore for the same quarter in the previous year. Total income of the company decreased by 77.51% at Rs 153.08 crore for Q3FY21 as compared Rs 680.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributable at Rs 288.74 crore for the quarter under review as compared to net loss of Rs 702.36 crore for the same quarter in the previous year. However, total income of the company increased by 6.20% at Rs 7099.20 crore for Q3FY21 as compared Rs 6684.52 crore for the corresponding quarter previous year.

Peers
Company Name CMP
NTPC 324.00
Tata Power 374.80
Adani Power 209.00
Power Grid Corpn. 270.00
Adani Energy Solut. 1415.00
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