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Orient Green Power Q2 net down 47 pc at Rs 43.49 cr

Press Trust of India  |  New Delhi 

Orient Green Power Company today reported 47 per cent decline in its consolidated net profit at Rs 43.49 crore in the September quarter of the current fiscal.

The company's consolidated net profit stood at Rs 82.39 crore in the corresponding quarter of the previous fiscal, Orient Green Power Company said in a filing today.

According to the statement, the company's total dropped to Rs 163.14 crore in the quarter from Rs 171.35 crore in the similar period a year ago.

The consolidated net profit for April-September period this fiscal stood at Rs 52.59 crore down from Rs 59.74 crore in the year-ago period.

Total of the company during the first half of this fiscal was Rs 296.20 crore, up from Rs 271.71 crore in the year-ago period.

It said that the group operates in single segment that is power generation from renewable sources.

The company's board has decided not to have further discussion with IL&FS Wind Energy in relation to evaluation of merging of Wind Businesses.

The exclusivity agreement between the company and IL&FS Wind Energy ended on August 31.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 09 2017. 20:48 IST