Equity Funding and Strategic Update
Reconciliation of Non-GAAP Measures to Comparable GAAP measures
Quarter Ended December 31,
Nine month Ended December 31,
(in million)
(in million)
2018
2019
2019
2018
2019
2019
INR
INR
US$
INR
INR
US$
Net profit (loss)
165
(1,357)
(19.0)
(102)
(1,943)
(27.2)
Income tax expense
63
236
3.3
171
407
5.7
(1)
Interest expense, net
1,116
2,450
34.3
3,446
5,933
83.0
Depreciation and amortization
476
717
10.0
1,627
2,010
28.1
Loss on foreign currency
18
60
0.8
459
324
4.5
exchange
Adjusted EBITDA
1,838
2,104
29.5
5,601
6,731
94.2
1) Interest expense for the current quarter ended 31 December 2019 includes one-time charges of US$ 8.4 million due to the issuance of the second green bond.
Exchange rate- INR 71.45 to US$1 (New York closing rate of December 31, 2019).
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