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Reliance Power Q4 net jumps three-fold on lower tax expense at Rs 216 cr

The company's total income rose 6% to Rs 2,696 cr

Amritha Pillay  |  Mumbai 

As Reliance group shrinks, questions emerge
Anil Ambani

Anil Ambani-promoted Ltd posted more than a three-fold increase in March quarter consolidated profit at Rs 216 crore, helped by a 40% fall in tax during the period.

The company posted of Rs 61.55 crore in the same period a year back.

The company's total income rose 6% to Rs 2,696.50 crore, from Rs 2,548.94 crore. In the same period, the company total fell 3% to Rs 2,311.1 crore from Rs 2,372.12 crore reported a year back. The company's were lower due to lower fuel and finance costs for the quarter.

Earnings before interest, taxation, depreciation and ammortisation or were at Rs 1,066 crore for the March quarter.

For the full financial year 2016-2017, the company reported a of Rs 1,104 crore, up 23% and an of Rs 4,506 crore for the entire year.

On the operational side, the company reported plant availability of 100% at its Rosa power plant and solar facility in Rajasthan. Availability at Sasan power project was at 86%, Butibori was at 88% and Maharashtra's wind project was at 94%.

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Reliance Power Q4 net jumps three-fold on lower tax expense at Rs 216 cr

The company's total income rose 6% to Rs 2,696 cr

Anil Ambani promoted Reliance Power Ltd reported a net profit of Rs.215.90 crore for the March 2017 ended quarter, significantly higher from Rs.61.55 crore reported in the same period a year back.The rise in net profit was on the back improved performance due to fall in total expenses. The company's total income rose 6% to Rs.2696.50 crore, from Rs.2548.94 crore. In the same period, the company total expenses fell 3% to Rs2311.1 crore from Rs.2372.12 crore reported a year back. The company's expenses were lower due to lower fuel and finance costs for the quarter.Earnings before interest, taxation, depreciation and ammortisation or Ebitda were at Rs.1066 crore for the March quarter.For the full financial year 2016-2017, the company reported a net profit of Rs1104 crore, up 23% and an Ebitda of Rs.4506 crore for the entire year.On the operational side, the company reported plant availability of 100% at its Rosa power plant and solar facility in Rajasthan. Availability at Sasan power ... Anil Ambani-promoted Ltd posted more than a three-fold increase in March quarter consolidated profit at Rs 216 crore, helped by a 40% fall in tax during the period.

The company posted of Rs 61.55 crore in the same period a year back.

The company's total income rose 6% to Rs 2,696.50 crore, from Rs 2,548.94 crore. In the same period, the company total fell 3% to Rs 2,311.1 crore from Rs 2,372.12 crore reported a year back. The company's were lower due to lower fuel and finance costs for the quarter.

Earnings before interest, taxation, depreciation and ammortisation or were at Rs 1,066 crore for the March quarter.

For the full financial year 2016-2017, the company reported a of Rs 1,104 crore, up 23% and an of Rs 4,506 crore for the entire year.

On the operational side, the company reported plant availability of 100% at its Rosa power plant and solar facility in Rajasthan. Availability at Sasan power project was at 86%, Butibori was at 88% and Maharashtra's wind project was at 94%.

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Business Standard
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Reliance Power Q4 net jumps three-fold on lower tax expense at Rs 216 cr

The company's total income rose 6% to Rs 2,696 cr

Anil Ambani-promoted Ltd posted more than a three-fold increase in March quarter consolidated profit at Rs 216 crore, helped by a 40% fall in tax during the period.

The company posted of Rs 61.55 crore in the same period a year back.

The company's total income rose 6% to Rs 2,696.50 crore, from Rs 2,548.94 crore. In the same period, the company total fell 3% to Rs 2,311.1 crore from Rs 2,372.12 crore reported a year back. The company's were lower due to lower fuel and finance costs for the quarter.

Earnings before interest, taxation, depreciation and ammortisation or were at Rs 1,066 crore for the March quarter.

For the full financial year 2016-2017, the company reported a of Rs 1,104 crore, up 23% and an of Rs 4,506 crore for the entire year.

On the operational side, the company reported plant availability of 100% at its Rosa power plant and solar facility in Rajasthan. Availability at Sasan power project was at 86%, Butibori was at 88% and Maharashtra's wind project was at 94%.

image
Business Standard
177 22