Reliance Power Q1 Results: Net up marginally

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Reliance Power Q1 Results: Net up marginally
Reliance Power, the Reliance Group company has reported consolidated net profit of Rs 196.12 crore for the quarter ended on June 30, 2011. The rise in profit was negligible by 0.51% as it reported net profit of Rs 195.40 crore corresponding quarter previous year.

Company posted high operating revenues. It's operating revenues rose from Rs 139.33 crore an year ago to Rs 541.80 crore.

Total revenues grew by 71.82% to Rs 689.23 crore this quarter as against Rs 401.18 crore corresponding quarter previous year.

While the other income dropped from Rs 261.85 crore an year ago to Rs 147.43 crore this quarter.

Announcing the results, J P Chalasani, CEO, Reliance Power said, “The Rosa plant operated at a plant load factor (PLF) of 91% during the quarter and availability was at 94%. Rosa is now among the country's top thermal power plants in operating terms, firmly establishing the company's execution and operational capabilities."

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