Adani Green Energy loss widens to Rs 118.74 cr in Q3


Adani Green Energy loss widens to Rs 118.74 cr in Q3

Adani Green Energy’s net loss widened to Rs 118.74 crore in the December 2018 quarter compared to the year-ago period, owing to higher expenses such as borrowing cost and depreciation.

Its consolidated net loss was Rs 13.98 crore in the quarter ended on December 31, 2017, the company said in a statement on Thursday.

The firm’s total income in the third quarter of the current financial year rose to Rs 470.94 crore, compared with Rs 456.21 crore a year ago.

The company’s finance costs rose to Rs 277.46 crore in the quarter from Rs 100.23 crore in the year-ago period.

Depreciation also increased to Rs 270.19 crore, against Rs 133.45 crore in October-December 2017. Read More

Leave a Reply

Your email address will not be published.