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Reliance Power reports 13% rise in Q1 consolidated net profit

12 Sep 2016 Evaluate

Reliance Power has reported results for first quarter ended June 30, 2016.

The company has registered 90.83 % fall in its net profit at Rs 18.27 crore for the quarter as compared to Rs 199.27 crore for the same quarter in the previous year. Total income of the company decreased by 63.21 % at Rs 99.92 crore for quarter under review as compared to Rs 271.6 crore for the quarter ended June 30, 2015.

On the consolidated basis, the company has reported 12.51% rise in its net profit after taxes & minority interest and share of profit of associates at Rs 340.49 crore for the quarter ended June 30, 2016 as compared to Rs 302.64 crore for the same quarter in the previous year. However, total Income of the company decreased by 0.62% to Rs 2748.37 crore for quarter under review from Rs 2765.39 crore for the quarter ended June 30, 2015. 

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