Adani Power Q1 pre-tax loss at Rs 634 cr on drop in electricity demand

Firm's PLF dips to 51% from 78% a year ago; net loss at Rs 682 cr

Private power producer Adani Power reported a pre-tax loss of Rs 633. 62 crore for the June quarter, as the pandemic widened losses for the company.

For the April to June period, Adani Power registered a net loss of Rs 682.46 crore, higher from a Rs 263.39 crore net loss reported in the same period a year ago. Adani Power had reported a profit before tax and exceptional item of Rs 882.44 crore in the June 2019 ended quarter, which has now slipped into the red.

As power demand took a hit during the lockdown period, Adani Power’s plant load