On Monday, Adani Power reported a combined net loss worth Rs. 1,312.86 crore during the quarter ended March 31. Higher operating cost is the sole reason behind the fall.
According to Adani Power’s statement to BSE filing, the company mad e a combined net profit of Rs. 634.64 crore in the last year’s quarter.
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.
A company official said that the loss is mainly due to rise in operational costs in the quarter and entire fiscal.
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 last fiscal from Rs 26,361.63 crore in 2018-19.
The company said that its average plant load factor (PLF) or capacity utilisation achieved during 2019-2020 was 68 per cent as compared to 64 per cent achieved in the previous year.