| The result was announced during trading hours today, 24 October 2016. Meanwhile, the BSE Sensex was up 84.85 points, or 0.30%, to 28,162.03. On BSE, so far 15.01 lakh shares were traded in the counter, compared with average daily volume of 7.86 lakh shares in the past one quarter. The stock hit a high of Rs 28.25 and a low of Rs 26.80 so far during the day. The stock hit a 52-week high of Rs 36.10 on 4 April 2016. The stock hit a 52-week low of Rs 22.45 on 12 February 2016. The stock had outperformed the market over the past 30 days till 21 October 2016, falling 0.72% compared with 2.42% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 2.81% as against Sensex's 0.99% rise. The mid-cap company has equity capital of Rs 3417.45 crore. Face value per share is Rs 10. Adani Power's consolidated total income rose 1.49% to Rs 5870 crore in Q2 September 2016 over Q2 September 2015. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 5% to Rs 1915 crore in Q2 September 2016 over Q2 September 2015. Finance cost fell 13.09% to Rs 1434 crore in Q2 September 2016 over Q2 September 2015. The company sold 15.04 billion units in Q2 September 2016, a tad lower than 15.10 billion units in Q2 September 2015. The overall plant availability during Q2 September 2016 was 92% as against 85% in Q2 September 2015, reflecting improved operating performance at all plants. Commenting on the quarterly results of the company, Vineet Jaain, Chief Executive Officer, Adani Power, said during Q2 September 2017, the company has been able to improve the availability at all plants, with an improvement in operational efficiency. Efforts to optimise finance costs, aided by efficient operations, have helped the company reduce net loss significantly during the quarter, as compared to the corresponding quarter of of the previous year. Going forward, the firm expects to benefit from improved domestic coal availability through the recently announced special forward coal e-auction scheme for the power sector. Adani Power is the largest private thermal power producer in India with an installed capacity of 10,480 megawatts (MW). Powered by Capital Market - Live News |