Reliance Power Q4 net zooms three-fold at Rs 216 crore
Reliance Power on Wednesday posted a whopping over 250 % surge in consolidated net profit for the fourth quarter ended March 31 at Rs 216 crore, boosted by a 40 % fall in tax expenses during the period.The company had recorded a profit of Rs 61.6 crore in the same period of fiscal 2015-16.
Reliance Power's consolidated revenue during the quarter in question came in at Rs 2,466 crore, which was almost unchanged from the revenue during the corresponding quarter of the previous fiscal.
The company had registered a rise in its net profit in three of the four quarters preceding March quarter.Net profit for the whole of 2016-17 at Rs 1104 crore was a 23 % rise over the PAT of Rs 895 crore posted for 2015-16.
Among the operational highlights during the last fiscal, Reliance Power said its 3,960 MW ultra mega power project (UMPP) at Sasan in Madhya Pradesh generated 29,476 million units operating at availability of 86 %.
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