Reliance Power Q4 net profit more than triples to Rs 216 crore
ETMarkets.com|
Updated: Apr 13, 2017, 06.10 PM IST
Reliance Power on Thursday reported a 250 per cent rise in consolidated net profit at Rs 215.90 crore for the fourth quarter ended March 31, 2017 against Rs 61.55 crore in the corresponding quarter last year.
Consolidated total income of the company jumped 1.86 per cent yoy to Rs 2,596.50 crore for the quarter under review. It had posted a total income of Rs 2,548.94 crore in the same quarter last year.
For January-March period, the company reported 61.45 per cent rise in profit before tax at Rs 215.90 crore against Rs 61.55 crore in Q4FY16.
The company announced its financial results for January-March period after market hours. The share price of the company closed 1.35 per cent down at Rs 47.35 on Thursday.
In a separate filing on BSE, the company announced that N Venugopala Rao, who was appointed as CEO of the company in November 2015, has been elevated to the position of a whole time director for a period of three years.
Consolidated total income of the company jumped 1.86 per cent yoy to Rs 2,596.50 crore for the quarter under review. It had posted a total income of Rs 2,548.94 crore in the same quarter last year.
For January-March period, the company reported 61.45 per cent rise in profit before tax at Rs 215.90 crore against Rs 61.55 crore in Q4FY16.
The company announced its financial results for January-March period after market hours. The share price of the company closed 1.35 per cent down at Rs 47.35 on Thursday.
In a separate filing on BSE, the company announced that N Venugopala Rao, who was appointed as CEO of the company in November 2015, has been elevated to the position of a whole time director for a period of three years.