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Reliance Power reports over two fold jump in Q4 net profit

14 May 2013 Evaluate

Reliance Power reported results for the fourth quarter & year ended March 31, 2013.

The company has reported over 2 fold jump in its net profit at Rs 62.08 crore in Q4FY13 as compared to net profit of Rs 30.77 crore in the same quarter previous year. However, total income of the company slumped by 65.76% to Rs 6.68 crore as compared to Rs 19.51 crore in corresponding quarter last year.

On consolidated basis, the company has reported a rise of 15.02% in its net profit at Rs 266.06 crore in Q4FY13, as compared to net profit of Rs 231.31 crore in the same quarter previous year. Total income of the company has increased over 2- fold to Rs 1247.79 crore as compared to Rs 532.59 crore in corresponding quarter last year.

For the year ended March 31, 2013, the company has registered 65.32% rise in its net profit at Rs 513.93 crore in FY13 as against Rs 310.86 crore in previous years. However, total income of the company has declined to Rs 12.01 crore as compared to Rs 66.12 crore in FY12, down by 81.84%.

On consolidated basis, the group has registered 16.69% rise in its net profit at Rs 1011.46 crore in FY13 as against Rs 866.78 crore in previous year. Total income of the company has jumped over two fold to Rs 4926.59 crore as compared to Rs 2019.21 crore in FY12.

Reliance Power Share Price

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