Reliance Power share price: Shares of power generation, transmission and distribution company Reliance Power rallied 10% on Thursday. The stock rose 10% to ₹43.94 per share on Thursday, a day after it posted impressive numbers for the third quarter of the current fiscal. At 10:59 am, it was up 7% at ₹42.73 per share.
Reliance Power Q3 results
Reliance Power on Wednesday reported a consolidated net profit of ₹41.95 crore in the latest October-December quarter on the back of higher income. It had posted a loss of ₹1,136.75 crore in the year-ago quarter.
The company’s total income grew 8% to ₹2,159.44 crore in the quarter under review, as against ₹1,998.79 crore a year ago.
Expenses stood at ₹2,109.56 crore in Q3 FY25 as against ₹3,167.49 crore in the same period last fiscal.
The company’s total assets stood at ₹16,217 crore as on December 31, 2024.
Reliance Power said in an exchange filing that it has achieved zero bank debt status, which means it has no dues to any bank.
During the quarter under review, its 3,960 megawatt (MW) Sasan Ultra Mega Power Project (SUMPP) in Madhya Pradesh achieved 93% plant load factor (PLF), while the 1,200 MW Rosa Power Plant (RPP) in Uttar Pradesh had an availability of 97%.
Reliance NU Suntech Pvt Ltd, a wholly-owned subsidiary of Reliance Power, recently bagged a 930 MW plus 1,860 MWh solar plus battery energy storage system (BESS) project from Solar Energy Corporation of India. “The project will be Asia’s largest solar and battery storage project at a single location,” the Anil Ambani-led company said.
