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RattanIndia Power posts Rs 2,106 cr profit in Q3

Press Trust of India  |  New Delhi 

RattanIndia Power Ltd on Wednesday reported a standalone net profit of Rs 2,106.68 crore during the quarter ended December.

The power producer had posted a net loss of Rs 188.55 crore during the same quarter a year ago, it said in a BSE filing.

Total income rose to Rs 402.15 crore during the quarter under review from Rs 389.05 crore in the year-ago period.

Expenses stood at Rs 962.88 crore as compared with Rs 577.60 crore in October-December 2018.

In a statement, the company's CEO Aman Singh attributed the turnaround to "one time settlement of its debt with the existing lenders.

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

First Published: Wed, February 12 2020. 17:42 IST