Rel Power posts over 3-fold jump in Q4 profit at `215 cr

Rel Power posts over 3-fold jump in Q4 profit at `215 cr

FPJ BureauUpdated: Monday, June 24, 2019, 11:26 AM IST
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New Delhi: Reliance Power on Thursday posted over three-fold jump in consolidated net profit to Rs 215.90 crore  for the quarter ended on March 31, 2017 compared to that of Rs 61.55 crore in the year-ago period.

Its consolidated income rose to Rs 2,696.5 crore in the last quarter of 2016-17 from Rs 2,548.94 crore in the same period of previous fiscal, the company said in a BSE filing.   The company has adopted Indian Accounting Standards (Ind

AS) from April 1, 2016, with a transition date of April 1,

2015, the filing said. Its power generation was 42,000 million units in 2016-17 with almost flat growth compared to previous financial year. The consolidated net profit in 2016-17 was Rs 1,104.16 crore, up 23 per cent from Rs 895.45 crore in the previous fiscal. Total income was Rs 10,891.68 crore in 2016-17 against Rs 10,621.52 crore in the previous fiscal.

The company said that its 3,960 MW Sasan UMPP in Madhya Pradesh generated 29,476 million units operating at availability of 86 per cent. The captive coal mines of Sasan UMPP produced 17 million ton of coal, the highest among private sector players in the country.

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