Adani Energy Solutions Posts Rs 1,190 Cr Loss in Q1
Adani Energy Solutions reported a net loss of Rs 1,190.66 crore in Q1 FY25, driven by increased expenses. The company's total income rose to Rs 5,489.97 crore.
New Delhi, Jul 25 (PTI) Adani Energy Solutions Ltd on Thursday reported a net loss of Rs 1,190.66 crore during the June 2024 quarter, mainly on account of increased expenses.
It had clocked a net profit of Rs 181.98 crore during the April-June period of the preceding 2023-24 fiscal, the company said in a regulatory filing.
The company's total income, however, rose to Rs 5,489.97 crore from Rs 3,772.25 crore in the year-ago period.
During the period under review, expenses surged to Rs 4,443 crore from Rs 3,124.69 crore a year ago.
Adani Energy Solutions Ltd is the largest private sector power transmission company in India.
It had clocked a net profit of Rs 181.98 crore during the April-June period of the preceding 2023-24 fiscal, the company said in a regulatory filing.
The company's total income, however, rose to Rs 5,489.97 crore from Rs 3,772.25 crore in the year-ago period.
During the period under review, expenses surged to Rs 4,443 crore from Rs 3,124.69 crore a year ago.
Adani Energy Solutions Ltd is the largest private sector power transmission company in India.
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