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Adani Power shines despite reporting consolidated net loss of Rs 682 crore in Q1

  • bitnet infotech
  • August 7, 2020
  • 6:17 am

Adani Power is currently trading at Rs. 36.20, up by 1.00 points or 2.84% from its previous closing of Rs. 35.20 on the BSE.

The scrip opened at Rs. 35.20 and has touched a high and low of Rs. 36.80 and Rs. 35.15 respectively. So far 89805 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 73.75 on 04-Nov-2019 and a 52 week low of Rs. 24.30 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 36.80 and Rs. 35.05 respectively. The current market cap of the company is Rs. 13884.98 crore.

The promoters holding in the company stood at 74.97%, while Institutions and Non-Institutions held 20.15% and 4.88% respectively.

The company has reported a net loss of Rs 49.21 crore for the first quarter ended June 30, 2020 against net loss of Rs 1,117.76 crore for the same quarter in the previous year. Total income of the company decreased by 40.93% at Rs 133.30 crore for Q1FY21 as compared Rs 225.67 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss attributed to owners of Rs 682.46 crore for the quarter under review against net loss of Rs 263.39 crore for the same quarter in the previous year. Total income of the company decreased by 33.17% at Rs 5,356.19 crore for Q1FY21 as compared Rs 8,014.50 crore for the corresponding quarter previous year.

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