Adani Green Q4 PBT at Rs 69 cr, firm says Covid-19 impact not significant

Lower expenses drive profit number; firm had incurred a loss in the same period a year ago

Gautam Adani-promoted Adani Green Energy reported a profit before tax of Rs 69 crore for the March 2020 ended quarter against a loss reported in the same period a year ago. The profit came on the back of lower expenses.

Company executives said Covid-19 and its impact on power demand did not have any significant effect on Adani Green’s operations and financial performance. They added, the company looks to re-open all under construction projects and invest Rs 8,000 to 10,000 crore as capital expenditure in the current financial year.

Adani Green’s profit before tax and exceptional items was at Rs