Comments
Shares of Reliance Power on Friday declined nearly 5 per cent, hitting their lower circuit, on the back of weak September quarter earnings.
On the BSE, the stock saw a decline of 4.77 per cent, hitting its lower circuit at ₹3.99. Similar trend was seen on the NSE as the scrip was trading at ₹4, down 4.76 per cent.
The company on Thursday reported a 69.38 per cent decline in consolidated net profit at ₹45 crore for the quarter ended September 30.
The company had posted a net profit of ₹147 crore in the July-September period of the previous year, Reliance Power said in a BSE filing.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.