Adani Green Energy on Monday posted a consolidated net profit of Rs 55.64 crore for the March 2020 quarter, helped by lower expenses.
The clean energy firm had logged a consolidated net loss of Rs 94.08 crore in the corresponding quarter a year ago, a company statement said.
Its total income stood at Rs 718.66 crore for the quarter under review as against Rs 718.73 crore a year earlier.
On a full-year basis, the company reported narrowing of consolidated net loss at Rs 67.96 crore in 2019-20. In the 2018-19 fiscal, its net loss was Rs 475.05 crore.
Total income for 2019-20 stood at Rs 2,629.07 crore, as compared to Rs 2,130.99 crore in 2018-19.
Commenting on the results, company's chairman Gautam Adani said in the statement, "Adani Group has always maintained sustainability as a priority at the group. With the long-lasting impact that COVID-19 is due to have on all sectors, sustainability-driven business is imperative."
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