Adani Power Falls as Q4 Profit Declines 71%

Shares of Adani Power declined over 7 per cent to hit intraday low of Rs 40.15 on Tuesday after the company posted a 71 per cent fall in March quarter net profit post-market hours the previous day.

The company on Monday reported a consolidated net profit of Rs 715.05 crore in the quarter ended March 2015, as against Rs 2,528.55 crore in the corresponding period a year ago.

Total revenues for the quarter under review stood at Rs 4,667.56 crore as against Rs 5,996.49 crore in the year-ago period.

For year 2014-15, the company's consolidated net loss widened to Rs 815.63 crore, from Rs 290.55 crore in 2013-14. (Read more)

Adani Power stock ended 6.91 per cent lower at Rs 40.40 apiece on the BSE.