Reliance Powers net profit rises by 12% to Rs 340 crore
Anil Ambanis Reliance Power reported consolidated net profit of Rs 340.49 crore for the June quarter ended 2016 (Q1FY17), a rise of 12.51% from Rs 302.64 crore in the similar period of the previous year.
Anil Ambani's Reliance Power reported consolidated net profit of Rs 340.49 crore for the June quarter ended 2016 (Q1FY17), a rise of 12.51% from Rs 302.64 crore in the similar period of the previous year.
The company's consolidated total income from operations stood at Rs 2678.68 crore, a sequential decline of 0.19% from same quarter previous year.
It's operating profit (EBITDA) was at Rs 1141.99 crore, up by 5.32% year-on-year (yoy). While operating profit margin was at 42.63%, expanding by 224 basis points yoy.
On standalone front, RPower's net profit of Rs 18.27 crore, declined by 90.83% yoy. While total incomeof Rs 30.35 crore, increased by 35% yoy.
RPower's operational highlights were, the Sasan UMPP plant in Madhya Pradesh which generated 8003 million units. operating at availability of 92.6% in Q1FY17.
Also 100 megawatts concentrated solar power (CSP) project at Dhursar and Rajasthan generated 21.6 million units, operated at availability of 87%.\
Shares of Reliance Power closed at Rs 51.50, down by 3.74%.
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