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Reliance Power reports marginal rise in Q3 consolidated net profit

07 Feb 2014 Evaluate

Reliance Power has reported results for third quarter ended December 31, 2013.

The company has reported 91.80% fall in its net profit at Rs 30.27 crore for the quarter as compared to Rs 369.23 crore for the same quarter in the previous year. However, total income of the company has increased by 17.35% at Rs 75.46 crore for quarter under review as compared to Rs 64.30 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group registered a rise of 0.58% in its net profit after taxes, Minority Interest and Share of Profit / (loss) of Associates at Rs 267.22 crore for the quarter as compared to Rs 265.68 crore for the same quarter in the previous year. However, total income of the group has decreased by 6.44% at Rs 1483.53 crore for quarter under review as compared to Rs 1585.75 crore for the quarter ended December 31, 2012.

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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