Adani Power posts Q3 loss at Rs 325 cr, margin shrinks 410 bps
Adani Power , one of the largest private power generation companies, has posted a consolidated loss of Rs 325.3 crore in quarter ended December 2016 compared with profit of Rs 104 crore in corresponding quarter of previous fiscal. The bottomline was impacted by lower revenue & operational income and higher finance cost. Revenue during the quarter fell 6.1 percent to Rs 5,813 crore compared with Rs 6,191 crore in same quarter last fiscal due to lower plant load factor. "The company sold 14.9 billion units in Q3FY17 against 16.6 billion units sold in Q3FY16," Adani Power said, adding operational income was impacted by lower merchant tariff and prior quarter income recognised in Q3FY16. Operating profit (EBITDA - earnings before interest, ta.....