RPower Q3 net profit declines 57% to Rs 49 cr, income down at Rs 1,898 cr
Reliance Power (RPower) on Friday said its consolidated net profit has dipped over 57 per cent to Rs 49.39 crore in the December 2019 quarter, mainly due to lower income.
The company’s consolidated net profit had stood at Rs 116.44 crore in the corresponding quarter of the previous financial year, according to a BSE filing. Its income came down to Rs 1,897.93 crore in third quarter of 2019-20, from Rs 2,098.82 crore a year ago.
In the April-December 2019 period, the firm’s consolidated net profit stood at Rs 130.66 crore, compared with Rs 451.30 crore in the year-ago period. Its consolidated net loss was Rs 2,951.82 crore in 2018-19.
The company said its 5,760 megawatts of thermal capacity generated 9,311 million units of electricity, at PLF (plant load factor or capacity utilisation) of 73 per cent, in the quarter.
