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Reliance Power reports growth of 42% in Q3 consolidated net profit

13 Feb 2012 Evaluate

Reliance Power has reported results for third quarter ended December 31, 2011.

The company has posted a surge of 205.79% in its net profit to Rs 106.69 crore for the quarter ended December 31, 2011 as compared to Rs 34.89 crore for the same quarter in the previous year. Total income has increased by 91.13% to Rs 193.25 crore for quarter under review as compared to Rs 101.11 crore for the quarter ended December 31, 2010.

On the consolidated basis, the company has posted a growth of 41.96% in its net profit after minority interest at Rs 203.87 crore for the quarter ended December 31, 2011 as compared to Rs 143.61 crore for the same quarter in the previous year. Total income has increased by 89.81% at Rs 674.08 crore for the quarter under review as compared to Rs 355.13 crore year ago.

Peers
Company Name CMP
NTPC 329.35
Tata Power 368.30
Adani Power 205.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1382.00
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