Adani Power has posted a net loss of Rs 358 crore for the quarter ended December 31, 2011 as compared to net profit of Rs 109 crore in the corresponding quarter last year. The company has attributed the loss to coal cost increase which hiked its expenses.
However, its total income rose from Rs 503 crore in Q3FY11 to Rs 1,061 crore for the quarter under review. The company has reported forex loss at Rs 205 crore. The average realisation stood at Rs 3.51/kwH and the average PLF was at 66% vs 85% y-o-y.
The power sector major also said in a filing to the BSE that it will consolidate its transmission line operations into a new company.
At 1:51 pm this afternoon, shares of Adani Power were trading flat at Rs 80.55 at the BSE.
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