Reliance Power Q3FY16 net profit grews at 38% yoy to Rs.352 crore.
Reliance Power, power generation and power distribution company, reported consolidated net profit of Rs. 351.81 crore for the quarter, registering growth of 38.26% yoy and 1.78% qoq. The company’s consolidated total income from operation of Rs. 2,562.21 crore, grew by 47.97% yoy but declined 7.36% qoq.
Its core operating profit of Rs. 1,229.68 crore for the quarter, clocked growth of 95.84% yoy and 0.69% qoq. Operating Margin at 47.99%, expanded by 1173 bps yoy and 384 bps qoq.
For nine months ended December 31, 2015, the company’s consolidated net profit of Rs. 1,041.79 crore for the quarter, increased by 38.56%, while total income from operations of Rs. 8096.1 crore was up by 53.68%.
It’s core operating profit of Rs. 3,620.44 crore for nine month period, clocked growth of 94.67%. Operating Margin for the period stood at 44.71% expanding 941 bps.
On standalone basis, the net profit stood at Rs. 274.96 crore clocking over 41 folds-jump yoy and nearly 30 folds-jump qoq. Note: The company reported other income of Rs. 322.03 crore, which clocked five-folds jump from Rs. 64.48 crore in the preceding quarter and six-folds jump against Rs. 58.51 crore in the corresponding quarter of the previous year. The company’s total income from operation of Rs. 7.45 crore, declined 73.23% yoy and 66.81% qoq.
It’s core operating loss stood at Rs. 9.39 crore as compared to Rs. 8.43 crore in the preceding quarter. The company had reported operating profit of Rs. 5 crore in the corresponding quarter of the previous year.
For nine months ended December 31,2015, the company's standalone net profit of Rs. 291.37 crore, registered 14 folds-jump yoy, while its total income from operation stood at Rs. 52.37 crore, declining by 49.29% yoy.
Recently, there were reports that the promoter releasesd the pledge of 4.83 crore shares on February 1st, 2016.
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