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Reliance Power Posts Over Three-Fold Jump In March Quarter Profit

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Reliance Power Posts Over Three-Fold Jump In March Quarter Profit

Reliance Power is part of billionaire Anil Ambani's Reliance Group.

Reliance Power Ltd posted more than a three-fold increase in March quarter consolidated profit, helped by a 40 per cent fall in tax expenses during the period. The company, which is part of billionaire Anil Ambani's Reliance Group, reported a consolidated profit of Rs 216 crore ($33.53 million) for the quarter ended March 31, 2017, the company said. Fourth-quarter consolidated revenue from operations stood little changed at Rs 2,466 crore.

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The company had posted a rise in its quarterly profit in three of the four quarters preceding March quarter, according to Thomson Reuters data.

($1 = Rs 64.42)
© Thomson Reuters 2017


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