RPower posts March quarter loss after delay, RInfra defers result yet again

Auditors flag several concerns over Reliance Power's numbers, including method of depreciation, treatment of impairment, related part loans

The Anil Ambani group, which is under financial stress and has delayed debt repayment, is also not keeping its dates of announcing the March 2019 quarter financial results for Reliance Infrastructure (RInfra) and Reliance Power (RPower). 

Both companies were to declare their results on June 7 but did not. RPower announced its March results the next day and said, “The meeting of the audit committee commenced on June 7 and got adjourned to June 8, 2019. Consequently, the board meeting of the company also stood adjourned to June 8.”

RPower reported a loss of Rs 3,558.51 crore for the March 2019 quarter