Reliance Power Limited announces Q1FY22 results

Reliance Power Limited, a Reliance Group Company, today announced its financial results for the quarter ended June 30, 2021. The Company's Board of Directors approved the financial results at its meeting here today.

- Q1 FY22 Total Income at Rs. 2063 crore (US$ 277 million)
- Q1 FY22 EBITDA of Rs. 963 crore (US$ 130 million)
- Q1 FY22 PAT of Rs. 12 crore (US$ 2 million)
- Q1 FY22 net worth at Rs. 12266 crore (US$ 1650 million).

Inspite of the ongoing Covid-19 pandemic the debt reduced by Rs. 1031 crore and the company is on track to reduce debt by Rs. 3200 crore in FY22. The debt to equity ratio is set to improve further to 1.80:1, among the lowest in industry.

The 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh achieved ~97.3% PLF, and consistently best performing project in the country.

The 1,200 MW Rosa Power plant in Uttar Pradesh had availability of ~98%.

The 185 MW of renewable capacity had an availability of 97%.

Shares of Reliance Power Limited was last trading in BSE at Rs. 12.72 as compared to the previous close of Rs. 12.77. The total number of shares traded during the day was 2008114 in over 4501 trades.

The stock hit an intraday high of Rs. 13.19 and intraday low of 12.27. The net turnover during the day was Rs. 25569984.

Source : Equity Bulls

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