Nov 5 Indian utility Reliance Power Ltd
reported a 2.1 percent rise in quarterly net profit,
beating expectations helped by higher generation capacity.
The company, controlled by billionaire Anil Ambani,
reported a net profit of 2.4 billion rupees ($44.65 million) for
the second quarter ended Sept. 30, compared with 2.35 billion
rupees a year ago. Net sales more than doubled to 10.79 billion
rupees, it said.
Analysts on average had expected a net profit of 2.1 billion
rupees according to ThomsonReuters I/B/E/S.
($1 = 53.75 rupees)
(Reporting by Kaustubh Kulkarni and Aradhana Aravindan in
MUMBAI; Editing by Matt Driskill)