​​​
  1. Reliance Power profit flat at Rs 273 cr

Reliance Power profit flat at Rs 273 cr

The group is engaged in only one segment – generation of power — and as such, there is no separate reportable segment, it added.

By: | New Delhi | Published: November 12, 2017 5:25 AM
reliance power, relaince power profit Reliance Power’s consolidated net profit remained flat at Rs 273.13 crore in the second quarter of this fiscal as against a profit of Rs 272.07 crore in the year-ago period. (Photo: Reuters)
Reliance Power’s consolidated net profit remained flat at Rs 273.13 crore in the second quarter of this fiscal as against a profit of Rs 272.07 crore in the year-ago period. Total income decreased to Rs 2,379.68 crore in the quarter, from Rs 2,562.25 crore a year ago. The group is engaged in only one segment – generation of power — and as such, there is no separate reportable segment, it added. The generation of electricity remains on the lower side in July-September because of monsoon and maintenance.
The hydropower generation goes up in the second quarter, due to which demand for thermal or other segments goes down. Similarly, there is a lot of maintenance work at power plants as well as coal mines during the monsoon, it added.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top