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

The company posted net profit 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 expenses fell 3% to Rs 2,311.1 crore from Rs 2,372.12 crore reported a year back. The company's expenses were lower due to lower fuel and finance costs for the quarter.

Earnings before interest,