Reliance Power reports Rs 2 cr loss for June quarter; income at Rs 2,137 cr
Reliance Power on Thursday posted a consolidated net loss of Rs 1.88 crore for the quarter ended June 30, 2020.
In the year-ago same period, the company logged a profit of Rs 36.19 crore, a regulatory filing said.
Total income of the company fell to Rs 2,137.10 crore in the first quarter from Rs 2,163.39 crore in the year-ago period, it said.
The consolidated net loss of the company in 2019-20 was Rs 4,255.37 crore. Total income was Rs 8,202.41 crore.
The group is engaged in only one segment — Generation of Power — and hence, there is no separate reportable segment.
The company said the group is confident of meeting its obligations by generating sufficient cash flows through time bound monetisation of gas-based power plant equipment and other assets of certain subsidiaries, as also realize the amount from ongoing regulatory or arbitration claims.
