R-Power Q2 net at Rs 235 cr, ties up loans for new projects

Moneycontrol Bureau

Reliance Power has posted a marginal increase in its net profit at Rs 235.48 crore for the July-Sept quarter as against Rs 234.80 crore it posted in the year-ago period. Sales grew 47% at Rs 750.59 crore.

The company in an earnings statement said that their Rosa plant contributed significantly to the overall income of the company. The Plant operated at a plant load factor of 77% by generating 1,030 million units of power compared to 530 MUs which it generated in the corresponding quarter of last year. Net profit for the plant stood at Rs 75 crore from Rs 22 crore.

Shares of the company were up 1.56% at Rs 100.85 on the Bombay Stock Exchange at 13.20 hours.

J.P Chalasani, chief executive officer at the company in an earnings statement said,