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Adani Power nosedives as net loss widens in Q1

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Adani Power tumbled 8.87% to Rs 28.75 at 15:13 on after the company reported consolidated net loss of Rs 453.85 crore in Q1 June 2017, higher than net loss of Rs 232.63 crore in Q1 June 2016.

The result was announced during market hours today, 10 August 2017.

Meanwhile, the S&P Sensex was down 272.40 points or 0.86% at 31,525.44.

On the BSE, 25.62 lakh shares were traded on the counter so far as against the average daily volumes of 13.51 lakh shares in the past one quarter. The stock had hit a high of Rs 31.10 and a low of Rs 27.70 so far during the day. The stock had hit a 52-week high of Rs 46.30 on 11 April 2017 and a 52-week low of Rs 23.35 on 9 November 2016.

The stock had outperformed the market over the past one month till 9 August 2017, advancing 10.9% compared with the Sensex's 1.39% rise. The stock had, however, underperformed the market over the past one quarter, gaining 1.12% as against the Sensex's 6.23% rise. The scrip had outperformed the market over the past one year, advancing 14.1% as against the Sensex's 13.22% rise.

The large-cap company has equity capital of Rs 3856.94 crore. Face value per share is Rs 10.

Adani Power's consolidated total income rose 4.25% to Rs 5648.08 crore in Q1 June 2017 over Q1 June 2016.

Adani Power is a leading private power producer in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 10 2017. 15:11 IST
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