Reliance Power Q3 net loss widens to Rs 1,136.75 crore

ByRupak Kumar

New Delhi: Reliance Power Ltd on Saturday reported widening of its consolidated net loss to Rs 1,136.75 crore during the quarter ended December 2023, due to increased expenses.

 

It had posted a net loss of Rs 291.54 crore during the October-December period of preceding 2022-23 financial year, the company said in an exchange filing.

Reliance, Bodhi Tree set for 60% stake in Disney India mergerThe company’s total income increased marginally to Rs 2,001.54 crore in the reporting quarter compared to Rs 1,936.29 crore in the year-ago quarter.

The company’s expenses surged to Rs 3,179.08 crore in the quarter from Rs 2,126.33 crore a year ago.

Reliance Power is the country’s leading private sector power generation and coal resources company.

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ByRupak Kumar

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