Reliance Power posts Rs 12 cr net profit in June quarter
Reliance Power has posted a consolidated net profit of Rs 12.28 crore for the quarter ended June 30, 2021. In the year-ago quarter, the company had logged a loss of Rs 1.88 crore, Reliance Power said in a regulatory filing on Monday. However, the total income of the company fell to Rs 2,062.59 crore in the first quarter of this fiscal, from Rs 2,137.10 crore in the year-ago period, it said. Its expenses were at Rs 1,971.21 crore, lower from Rs 2,054.83 crore a year ago.
As the second wave of COVID-19 has substantially diminished, the demand for electricity has nearly bounced back to normal levels in line with the resumption of economic activities since easing of lockdown in various states, the company said.
