Adani Power June-qtr consol loss narrows

Tuesday, 9 Aug 2016 

Adani Power Ltd : June-quarter consol net loss 335.1 million rupees . Says June-quarter consol net sales 55.77 billion rupees . Consensus forecast for June-quarter net loss was 2.44 billion rupees . Consol net loss in June quarter last year was 1.72 billion rupees as per Ind-AS; consol net sales was 59.36 billion rupees . Co sold 13.96 billion units in Q1FY17 versus 15.86 billion units in Q1FY16 due to shutdown at Tiroda plant on account of non-availability of water . Improved domestic coal availability; recently announced special forward e-auction scheme for power sector will further improve financial performance of co .