Reliance Power Ltd announces earnings for Q2FY22

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

Key Highlights

• Q2FY22 Total Income at Rs. 1887 Crore (US$ 254 MILLION)
• Q2FY22 EBITDA at Rs. 835 CRORE (US$ 113 MILLION)
• Q2FY22 PAT at Rs. (49) Crpre (US$ (7) MILLION)
• Q1FY22 Networth of Rs. 13021 CRORE (US$ 1754 MILLION)

Company's debt has reduced by Rs. 1694 crore and it is on track to reduce the debt by Rs. 3200 crore in FY2022. The debt to equity ratio will improve further to below 1.80:1, which is among the lowest in Industry.

The 3,960 MW Sasan Ultra Mega power project in Madhya Pradesh is consistently best performing project in the country. The project achieved ~84% PLF, despite major scheduled unit overhauls.

The 1,200 MW ROSA Power plant in Uttar Pradesh had availability of ~88%.

The 185 MW of company's renewable capacity had availability of 95%.

Shares of Reliance Power Limited was last trading in BSE at Rs. 15.53 as compared to the previous close of Rs. 15.64. The total number of shares traded during the day was 4525275 in over 8000 trades.

The stock hit an intraday high of Rs. 16.12 and intraday low of 15.40. The net turnover during the day was Rs. 70826401.00.

Source : Equity Bulls

Keywords

ReliancePower INE614G01033 RPOWER Q2FY22 ResultUpdate