Adani Power Limited (APL), has posted a net loss of Rs. 919 Crores on standalone basis for the quarter ended June 2013 whilst the company had reported a net loss of Rs. 793 Crores in the corresponding period last year.
Some of the other financials as released by Adani Power Ltd are as below:
- Total income from operations increased to Rs 2,110 Crore for the first quarter ended June 2013 as against Rs 1,464 Crore during the same period last year, showing a growth of over 44%.
- On consolidated basis, company’s net loss stood at Rs 1,198 crore as against Rs 810 crore in the same period last year. The total consolidated income from operations stood at Rs 2,537 crore against Rs 1,503 crore last year.
- Finance cost has also jumped to Rs 675 crore as against Rs 280 crore in the corresponding quarter last year.
- On operations front, the company sold 8.1 billion units during first quarter ending June 2013 as against 4.5 billion units sold in the same period previous year. The company currently has an operational capacity of 7,260 Mw.
- Adani Power has raised Rs 2,562 crore by way of preferential allotment of shares to promoters at Rs 53.11 per share increasing the promoter holding to 75%.
- Notably, for the fiscal 2012-13, the company has posted net loss of Rs 1,952 crore on a total income of Rs 6333 crore.
However, the Adani group chairman Gautam Adani expressed hope over things turning to normal with several government measures turning in favour of company.
Further the company appreciates the initiatives taken by the government to resolve various issues faced by the power sector such as the CCEA directive for allowing imported coal price as a pass through, presidential directive to Coal India Limited (CIL) for signing fuel supply agreements for 78 Gw capacity, process in Financial Restructuring Plan (FRP) for state electricity boards and CERC directive for compensatory tariff and expect favorable response from these measures and also impact of more stable rupee on the financial performance of the ensuing quarters.
Click below to view the real-time stock prices of Adani Power.
Additional Reading...
No comments:
Post a Comment