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Reliance Power reports 41% rise in Q1 consolidated net profit

11 Aug 2015 Evaluate

Reliance Power has reported results for first quarter ended June 30, 2015.

The company has reported 0.69% rise in its net profit at Rs 7.29 crore for the quarter ended June 30, 2015 as compared to Rs 7.24 crore for the same quarter in the previous year. However, the company’s total income has decreased by 21.42% to Rs 79.14 crore for the quarter under review from Rs 100.71 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 40.92% rise in its net profit taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs 344.34 crore for the quarter ended June 30, 2015 as compared to Rs 244.35 crore for the same quarter in the previous year. Total income of the company has increased by 58.17% at Rs 2863.65 crore for quarter under review as compared to Rs 1810.50 crore for the quarter ended June 30, 2014.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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