InvestorQ : How do you see the Adani Power stock after the latest quarterly results announced by the company?
Aashna Tripathi made post

How do you see the Adani Power stock after the latest quarterly results announced by the company?

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Tisha Malhotra answered.
1 year ago
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For the March 2020 quarter, Adani Power reported net loss of Rs.1313 crore as compared to a net profit of Rs.635 in the fourth quarter of last fiscal year. Total income for the quarter was also sharply down over 20% at Rs.6328 crore. For the full fiscal year, the company's consolidated net loss stood at Rs.2275 crore in 2019-20 compared to a net loss of Rs.984 crore in fiscal year 2018-19. The company has seen a lot of pressure with funding hard to come by and most states keen to renegotiate the PPAs more favourably. The stock is best avoided at this point of time.

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