Reliance Power Q1 net up 2.8 % to Rs 237 crore

Reliance Power, the Anil Ambani-led power generation company, reported a marginal growth in its consolidated net profit to Rs 237 crore in the April-June quarter of 2018 led by lower tax outgo, even as total income, and earnings before interest tax depreciation and amortization dropped around 14% and 6%, respectively. The operating margins or margins from earnings before interest tax depreciation and amortisation (EBITDA), however, was up by 370 basis points to 45.9%. EBITDA dropped 6.3% to Rs 1,089 crore in the quarter, while total income dropped 13.88% to Rs 2,370 crore. Expenses were lower at Rs 2,073.56 crore compared with Rs 2,425 crore a year ago. The net profit was supported by lower tax outgo of Rs 59.66 crore compared with Rs 96 crore a year ago.

The company’s plant load factor (PLF) from coal-based power plants barring 3,960-Mw Sasan Ultra Mega Power Project (UMPP), dropped in April-June quarter compared with same quarter last year. The 1200-Mw Rosa Power Plant in Uttar Pradesh operated at a PLF of 63% compared with 86% in the same quarter a year ago. The total volume generated from the plant in April-June was 1,659 million units compared with 2,245 million a year ago. The 600 MW Butibori plant in Maharashtra operated at 45% PLF compared with 64% a year ago. Although the company did not disclose the total power generated from the plant in April-June quarter, the plant generated around 842 million units a year ago.