Thursday, Nov 23, 2017 | Last Update : 03:02 PM IST

Reliance Power Q2 profit flat at Rs 273 crore

PTI
Published : Nov 11, 2017, 2:12 pm IST
Updated : Nov 11, 2017, 2:13 pm IST

Total income decreased to Rs 2,379.68 crore in the September quarter, from Rs 2,562.25 crore a year ago.

Company had earned a profit of Rs 272.07 crore in the same quarter of the previous financial year. (Representational Image)
 Company had earned a profit of Rs 272.07 crore in the same quarter of the previous financial year. (Representational Image)

New Delhi: Reliance Power's consolidated net profit remained flat at Rs 273.13 crore in the second quarter of this fiscal.

The company had earned a profit of Rs 272.07 crore in the same quarter of the previous financial year, it said in a statement.

Total income decreased to Rs 2,379.68 crore in the September quarter, from Rs 2,562.25 crore a year ago.

The group is engaged in only one segment -- generation of power -- and as such, there is no separate reportable segment, it added.

The generation of electricity remains on the lower side in July-September because of monsoon and maintenance.

The hydropower generation goes up in the second quarter, due to which demand for thermal or other segments goes down.

Similarly, there is a lot of maintenance work at power plants as well as coal mines during the monsoon, it added.

Tags: reliance power, profit, shares, revenue
Location: India, Delhi, New Delhi