April 13, 2017 / 12:03 PM / 5 months ago

Reliance Power March quarter profit jumps on lower tax expense

A shareholder speaks on a mobile phone while attending the annual general meeting of Reliance Capital in Mumbai September 27, 2011. REUTERS/Danish Siddiqui/Files

REUTERS - Reliance Power Ltd (RPOL.NS) posted more than a three-fold increase in March quarter consolidated profit, helped by a 40 percent fall in tax expenses during the period.

The company, which is part of billionaire Anil Ambani's Reliance Group, reported a consolidated profit of 2.16 billion rupees ($33.53 million) for the quarter ended March 31, 2017, the company said. (bit.ly/2oa1Heq)

Fourth-quarter consolidated revenue from operations stood little changed at 24.66 billion rupees.

The company had posted a rise in its quarterly profit in three of the four quarters preceding March quarter, according to Thomson Reuters data.

($1 = 64.4200 Indian rupees)

Reporting By Samantha Kareen Nair in Bengaluru; Editing by Vyas Mohan

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