Adani Power net loss narrows down to Rs 453.85 crore in Q1FY18
DSIJ Intelligence / 10 Aug 2017
Adani Power reported its results for the quarter ended June 30, 2017, today.
Adani Power reported its results for the quarter ended June 30, 2017, today.
Total sales for this quarter, Q1FY18, came in at Rs. 5590.19
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 894.11 crore and the EBIT margin stood at 15.99 per cent.
It reported net loss of Rs. 453.85 crore in Q1FY18 vs loss of Rs. 4960.53 crore in Q4FY17.
The company's stock opened at Rs. 31.10 on the BSE and recorded intra-day high and low of Rs. 31.10 and Rs. 28.40, respectively.
Adani Power Limited engages in the generation and transmission of electricity under long term power purchase agreements and on merchant basis in India. It generates electricity through thermal and solar energy sources.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.