Reliance Power Q3 net up marginally at Rs 280 cr

Reliance Power today reported 1.7 per cent rise in consolidated net profit to Rs 280.34 crore for the December quarter of the current fiscal due to drop in finance and depreciation costs.
Its profit was Rs 275.7 crore in the October-December quarter of last fiscal 2016-17, R-Power said in a BSE filing.
The company's total income was however down at Rs 2,590.32 crore in the quarter under review, as against Rs 2,984.56 crore in the year-ago period. Its revenue from operations fell to Rs 2,494.65 crore, from Rs 2,777.75 crore.
The finance cost of the company came down to Rs 748.51 crore in third quarter of 2017-18, from Rs 766.22 crore in the same period of last fiscal.

Depreciation and amortisation expenses also dipped to Rs 188.22 crore for the quarter, from Rs 268.09 crore a year ago.
R-Power said in a statement that its coal output was 4.6 million tonnes during the quarter under review. Besides, it operated at high plant load factor (PLF) or capacity utilisation.

Its Sasan Ultra Mega Power Project in Madhya Pradesh generated 8,274 million units, operating at PLF of 95 per cent.
Similarly, the 100 MW Concentrated Solar Power (CSP) project at Dhursar, Rajasthan, generated 27 million units vis-a-vis 21 million units, operating at availability of 98 per cent.
A part of the Reliance Group, R-Power has a portfolio of power projects based on coal, gas, hydro and renewable energy, with an operating portfolio of 5,945 megawatts.

The R-Power stock closed 1.18 per cent up at Rs 47.30 on BSE.