New Delhi: Reliance Energy on Friday reported a consolidated web revenue of Rs 72.56 crore for the March 2021 quarter, primarily on account of decrease bills. The corporate had reported a consolidated web lack of Rs 4,206.38 crore for the quarter ended March 2020, the BSE submitting mentioned.
The corporate’s complete revenue stood at Rs 1,691.19 crore for the March quarter, up from Rs 1,902.03 crore a yr in the past.
The corporate’s consolidated web revenue for the monetary yr 2020-21 stood at Rs 228.63 crore, as towards Rs 4,076.59 crore in 2019-20.
The overall revenue in 2020-21 was Rs 8,388.60 crore as in comparison with Rs 8,202.41 crore within the earlier monetary yr.
“Through the quarter ended September 2020, RPSCL (a department of Rosa Energy Provide Firm Restricted RPower) had made a contingency provision of Rs 244 crore towards numerous circumstances pending earlier than the regulatory authorities.
“Primarily based on the event and present evaluation, the Administration is of the view that the mentioned provision is now not required and accordingly the supply has been reversed through the quarter ended March 31, 2021. The impact of the mentioned reversal is underneath normal administration and different bills.” for the quarter ended March 31, 2021,” the corporate mentioned.
The corporate’s normal administration and different bills declined to Rs 6.23 crore within the March quarter from Rs 618.80 crore in the identical interval a yr in the past.
The corporate’s assertion mentioned its web property stood at Rs 12,246 crore in FY11 and it has lowered debt by Rs 3,108 crore.
The debt-equity ratio has improved from 2.41:1 occasions in FY10 to 2.08:1 occasions in FY2011.
Concerning the COVID-19 state of affairs, it mentioned: “Given the expertise of efficiently sustaining its operations through the pandemic yr, with energy era being handled as an important exercise, the group is supported by profitable operations. One other yr of belief from our energy consumers and different stakeholders”.
Reliance Energy Restricted, part of the Reliance Group, is India’s main non-public sector energy era and coal processing firm.
The corporate has the most important portfolio of energy tasks within the non-public sector primarily based on coal, fuel, hydro and renewable vitality with an working portfolio of 5,945 MW.