Stock Report

Reliance Power Ltd consolidated Q3FY24 loss widens to Rs. 1136.75 crores on provisions

Posted On : 2024-02-04 18:07:28( TIMEZONE : IST )

Reliance Power Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 2001.54 crores during the period ended December 31, 2023 as compared to Rs. 2130.83 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. -1136.75 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. -237.76 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. -2.983 for the period ended December 31, 2023 as compared to Rs. -0.633 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 2001.54 crs	₹2130.83 crs	-6.07%
Net Profit	₹-1136.75 crs	₹-237.76 crs	378.11%
EPS	₹-2.983	₹-0.633	371.25%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 2001.54 crores during the period ended December 31, 2023 as compared to Rs.1936.29 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.-1136.75 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.-291.54 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.-2.983 for the period ended December 31, 2023 as compared to Rs.0.857 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 2001.54 crs	₹1936.29 crs	3.37%
Net Profit	₹-1136.75 crs	₹-291.54 crs	289.91%
EPS	₹-2.983	₹0.857	-448.07%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.6091.09 crores during the 9 Months period ended December 31, 2023 as compared to Rs.6026.42 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.-1670.82 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.-792.56 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.-4.434 for the 9 Months period ended December 31, 2023 as compared to Rs.-2.330 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹6091.09 crs	₹6026.42 crs	1.07%
Net Profit	₹-1670.82 crs	₹-792.56 crs	110.81%
EPS	₹-4.434	₹-2.330	90.30%

Shares of Reliance Power Limited was last trading in BSE at Rs. 28.80 as compared to the previous close of Rs. 29.00. The total number of shares traded during the day was 2304408 in over 9364 trades.

The stock hit an intraday high of Rs. 29.60 and intraday low of 28.42. The net turnover during the day was Rs. 66965737.00.