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Reliance Power posts Rs 555 cr loss in March quarter

Reliance Power on Friday reported a consolidated loss of Rs 555.18 crore for the March quarter, mainly due to higher expenses. The company had clocked a consolidated net profit of Rs 72.56 crore in the quarter ended March 31, 2021, as per a BSE filing.Total income in the quarter rose to Rs 1,878.40 crore from Rs 1,691.19 crore in same period a year ago.However, total expenses also rose to Rs 2,525.02 crore from Rs 1,647.69 crore in the year-ago quarter.For the full fiscal 2021-22, the company posted a consolidated net loss of Rs 605.91 crore. It had logged a consolidated net profit of Rs 228.63 crore in 2020-21.Total income in the fiscal came down to Rs 7,686.73 crore from Rs 8,388.60 crore in 2020-21.In a statement, the company said it has.....

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