Reliance Power on Thursday reported a 32.47 per cent decline in consolidated net profit to Rs 189.30 crore in the December 2018 quarter, mainly on account of lower revenues.
The consolidated net profit was Rs 280.34 crore in the corresponding quarter of the previous year, according to a Bombay Stock Exchange (BSE) filing.
The company’s total income in the quarter fell to ₹2,151.39 crore, compared with ₹2,589.28 in the year-ago period.
Its consolidated net profit in April-December 2018 period also dipped to ₹679.55 crore from ₹784.34 crore in corresponding period of 2017-18. Total income in the nine-month period came down to ₹6,898.97 crore from ₹7,718.53 in the previous fiscal.
The Reliance Group company had reported a consolidated net profit of ₹103 crore in 2017-18 recording total income of ₹10,118.09 crore in the fiscal.
During the December 2018 quarter, the firm’s 3,960-MW Sasan project in Madhya Pradesh operated at a plant load factor or capacity utilisation of 97 per cent. Sasan coal production was 4.55 million tonne.
The company’s 1,200-MW Rosa plant in Uttar Pradesh generated 900 million units (MUs). Its 600-MW Butibori plant in Maharashtra generated 730 MUs. A 40-MW solar plant in Rajasthan generated 16.8 MUs. The 45-MW wind project in Maharasthra generated 7.7 MUs.