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.