Adani Power Ltd, a part of the Adani Group, on Thursday announced the financial results for the quarter and year ended March 31st, 2021.

Shares of ADANI POWER LTD, was last trading, (at the time of this writing), in NSE at Rs.96.55 as compared to the previous close of Rs. 97.O5. the stock will further react based on the results during Fridays session.

The company posted a consolidated net profit of Rs 13.13 crore in the March 2021 quarter, mainly on account of higher revenues. The company had posted a consolidated net loss of Rs 1,312.86 crore in the quarter ended March 31, 2020, as per Stock Exchange Filing.

Total income of the company rose to Rs 6,902.01 crore in the quarter from Rs 6,327.57 crore in the same period a year ago. For the entire fiscal year (2020-21), the company's consolidated net profit stood at Rs 1,269.98 crore. It had reported a loss of Rs 2,274.77 crore in 2019-20.

Total income in 2020-21 came in at Rs 28,149,68 crore as compared to Rs 27,841.81 crore in 2019-20. During fourth quarter of 2020-21, Adani Power, along with the power plants of its subsidiaries achieved an Average Plant Load Factor of 59.6 pe cent, and aggregate sales volumes of 14.8 Billion Units (BU).

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