NEW DELHI: Reliance Power on Thursday posted an over two-fold rise in its consolidated net profit at Rs 105.67 crore in the September 2020 quarter, mainly due to higher revenues. Its consolidated net profit was Rs 45.06 crore in the corresponding quarter a year ago, a BSE filing said.
Total income increased to Rs 2,626.49 crore in the July-September quarter from Rs 2,239.10 crore in the same period last fiscal. The company said it is confident of meeting obligations by generating sufficient and timely cash-flows through time-bound monetisation of gas-based power plant equipment and other assets of certain subsidiaries, as also realise the amount from ongoing regulatory or arbitration claims.
