Anil Ambani-promoted Reliance Power on Monday reported a year-on-year 12.5% jump in its consolidated net profit at Rs 340.5 crore for the April-June quarter, mainly on account of lower fuel cost and tax expenses.
During the period, the total income of the power producer declined marginally to Rs 2,748.37 crore compared to Rs 2,765.39 crore in the same period last fiscal. The earning before interest, taxes, depreciation and amortization increased by 4% to Rs 1,211 crore.
The firm, during the quarter reported a 2.6% decline in its total expenses at Rs 1,683 crore, helped by a 5% decline in fuel cost to Rs 1,264 crore from Rs 1,328 crore.
The company’s tax liability came down by nearly 40% to Rs 78.5 crore compared to Rs 132.5 crore in the comparable period last fiscal.