Adani Green Energy Q4 net profit down 96.54% at Rs 7.89 cr
15/05/2019 17:10
The company reported standalone net profit of Rs 7.89 crore for the quarter ended March 31, 2019 as compared to Rs 228.08 crore in the same period last year, registering a year-on-year decline of 96.54 per cent.

Net revenue of the company declined substantially by 46.02 per cent at Rs 211.51 crore in January-March quarter of this fiscal as against Rs 391.82 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 229.96 per cent to Rs 231.93 crore from Rs -178.46 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 86.81 crore versus (Mar'18 Rs 0.00 crore).

Operating Profit slipped by 107.78 per cent to Rs -20.42 crore as against Rs 262.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 114.40 per cent in March quarter.

Interest grew by 1497.46 per cent y-o-y to Rs 56.55 crore, while Taxation decreased by 99.75 per cent at Rs -0.11 crore (Mar'18 Rs -44.53 crore).