Adani Power plunges into red with Rs 4,960 cr Q4 loss over adverse SC order

FY16 profit was Rs 1,085 cr; Firm cites SC rejection of compensatory tariff at Mundra for poor show

Non-recognition of compensatory tariff (CT) for its Mundra plant following the Supreme Court judgement has seen Adani Power Ltd (APL) post a standalone net loss of Rs 4,689.83 crore for the fourth quarter ended March 31, 2017. As against this, the company had registered a standalone net profit of Rs 1,012.19 crore in Q4 of previous fiscal 2015-16.

The company's standalone total income for Q4 of FY17 fell by 13.68 per cent to Rs 3,395.46 crore from Rs 3,933.94 crore in the corresponding quarter last year. On an annual basis, while APL posted a standalone net loss of Rs