Profit

Adani Power Falls as Q4 Profit Declines 71%

 Share
EMAIL
PRINT
COMMENTS
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.

 



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top