Anil Ambani's Reliance Power suffers Rs 2,951 crore loss in FY19
Reliance Power on Saturday reported a net loss of Rs 2,951.82 crore for the financial year 2018-19 as against net profit of Rs 840.46 crore in FY18; total income during the fiscal declined to Rs 8,534.26 crore from Rs 9,871.01 crore a year earlier
- Jun 9, 2019,
- Updated Jun 9, 2019 9:28 PM IST
Anil Ambani-led Reliance Power, the power generation and coal resources company, on Saturday reported a net loss of Rs 2,951.82 crore for the financial year 2018-19 as against net profit of Rs 840.46 crore in FY18.
"Total income during the fiscal declined to Rs 8,534.26 crore from Rs 9,871.01 crore a year earlier," Reliance Power said in a filing to the Bombay Stock Exchange.
The other income increased to Rs 332.95 crore in FY19 versus Rs 27 8.28 crore in FY18, it said.
"One-time impairment of gas-based and concentrated solar power (CSP) assets impacted profit for the year as an exceptional item. Excluding the one-time charges for the impairment of gas-based and CSP assets, profit for the year stands at Rs 197 crore," RPower said.
During January-March quarter, the Navi Mumbai-headquartered company posted a net loss of Rs 3,575.38 crore versus a net profit of Rs 189.21 crore in the same quarter last year.
The total income of the company fell to Rs 1,687.86 crore during Q4 FY19 as compared to Rs 2,321.68 crore in Q4 FY18.
Anil Ambani-led Reliance Power, the power generation and coal resources company, on Saturday reported a net loss of Rs 2,951.82 crore for the financial year 2018-19 as against net profit of Rs 840.46 crore in FY18.
"Total income during the fiscal declined to Rs 8,534.26 crore from Rs 9,871.01 crore a year earlier," Reliance Power said in a filing to the Bombay Stock Exchange.
The other income increased to Rs 332.95 crore in FY19 versus Rs 27 8.28 crore in FY18, it said.
"One-time impairment of gas-based and concentrated solar power (CSP) assets impacted profit for the year as an exceptional item. Excluding the one-time charges for the impairment of gas-based and CSP assets, profit for the year stands at Rs 197 crore," RPower said.
During January-March quarter, the Navi Mumbai-headquartered company posted a net loss of Rs 3,575.38 crore versus a net profit of Rs 189.21 crore in the same quarter last year.
The total income of the company fell to Rs 1,687.86 crore during Q4 FY19 as compared to Rs 2,321.68 crore in Q4 FY18.