Reliance Power March quarter profit jumps on lower tax expense | Reuters
Reliance Power Ltd (RPOL.NS) posted more than a three-fold increase in March quarter consolidated profit, helped by a 40 percent fall in tax expenses during the period.The company, which is part of billionaire Anil Ambani's Reliance Group, reported a consolidated profit of 2.16 billion rupees ($33.53 million) for the quarter ended March 31, 2017, the company said. (bit.ly/2oa1Heq) Fourth-quarter consolidated revenue from operations stood little changed at 24.66 billion rupees.
Reliance Power Ltd (RPOL.NS) posted more than a three-fold increase in March quarter consolidated profit, helped by a 40 percent fall in tax expenses during the period.The company, which is part of billionaire Anil Ambani's Reliance Group, reported a consolidated profit of 2.16 billion rupees ($33.53 million) for the quarter ended March 31, 2017, the company said. (bit.ly/2oa1Heq)
Fourth-quarter consolidated revenue from operations stood little changed at 24.66 billion rupees.
The company had posted a rise in its quarterly profit in three of the four quarters preceding March quarter, according to Thomson Reuters data.
($1 = 64.4200 Indian rupees) (Reporting By Samantha Kareen Nair in Bengaluru; Editing by Vyas Mohan)
This story has not been edited by Firstpost staff and is generated by auto-feed.
also read
Pulitzer Prize-winning photojournalist Danish Siddiqui killed in Afghanistan: Politicans, journalists pay tributes
The Pulitzer prize winner, who was in Kandahar covering operations against Taliban, was killed when he was riding along with the Afghan Special Forces
Indian photojournalist Danish Siddiqui killed during assignment in Afghanistan's Kandahar province
Siddiqui had also covered the 2020 Delhi riots, COVID-19 pandemic, Nepal earthquake in 2015 and the protests in Hong Kong
Danish Siddiqui's passing is a reminder of the high price one pays for showing the truth
Danish's photographs were not just documentation, but the work of someone who went down to eye-level, as they say in photographic parlance.