Reliance Power shares rise 10% as Anil Ambani-led firm swings to black in Q3

The stock rose as much as 10% on Thursday to ₹43.94 per share on the National Stock Exchange. At 10:59 am, it was up 7% to 42.73 apiece.

Reliance Power Q3 results

Reliance Power on Wednesday reported a consolidated net profit of ₹41.95 crore in the latest October-December quarter on account of higher income. In the year-ago quarter, it had posted a loss of ₹1,136.75 crore.

The company's total income grew by 8% to ₹2,159.44 crore in the reporting quarter, compared to ₹1,998.79 crore a year back.

Expenses stood at ₹2,109.56 crore in Q3 FY25, down from ₹3,167.49 crore in the corresponding period last fiscal.

The company's net worth, as of December 31, 2024, was at ₹16,217 crore.

Reliance Power, in an exchange filing, said it has attained zero bank debt status, which suggests it has no outstanding balance 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 1,200 MW Rosa Power Plant (RPP) in Uttar Pradesh has availability of 97%.

Reliance NU Suntech Pvt Ltd, a wholly-owned subsidiary of Reliance Power, has recently secured a solar plus battery energy storage system (BESS) project from the Solar Energy Corporation of India for 930 MW plus 1,860 MWh.

"The project would be Asia's largest solar and battery storage project at a single location," the Anil Ambani-led company said.