Reliance Power Q3 net rises 2% to Rs 2.8 bn on fall in total expenses

The profit is 2 per cent higher from Rs 2.76 billion in the corresponding quarter, a year back

Anil Ambani-led Reliance Power (RPower) reported a marginal rise in net profit for the December quarter at Rs 2.8 billion. The company's operating revenue declined 10 per cent, profits were helped by a fall in total expenses, including depreciation.

RPower reported a net profit of Rs 2.8 billion in the December quarter, 2 per cent higher from Rs 2.76 billion in the corresponding quarter, a year back. In the same period, the company's operating revenue declined 10 per cent to Rs 24.95 billion. Total expenses dipped 16 per cent at Rs 22.35 billion for the quarter under review. The decline in