Reliance Power Q3 FY25 Results: Profit, Debt Reduction, and Solar Win

Reliance Power share price opened at ₹41.38 on the BSE, which was more than 3% higher than the previous closing price of ₹39.89. During the trading session, the price reached an intraday high of ₹43.69, showing a gain of over 9% following the Q3 results.

Q3 FY25 Financial Highlights

In the October-December 2024 quarter, the company turned its performance around by reporting a profit of ₹41.95 crore after posting a loss of ₹1,136.75 crore in the same quarter last year. Total revenue increased to ₹2,159.44 crore from ₹1,998.79 crore, while expenses decreased to ₹2,109.56 crore compared to ₹3,167.49 crore previously. Additionally, the earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter stood at ₹492 crore.

Debt Reduction and Net Worth

Reliance Power reported total debt servicing, including repayments due within nine months, at ₹4,217 crore. The company improved its financial position by reducing its debt-to-equity ratio from 1.61:1 at the end of FY24 to 0.86:1 by the end of Q3FY25. It now has zero debt and no defaults, and its net worth has reached ₹16,217 crore.

Key Project Highlights

The 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh was one of the top-performing plants, with a plant load factor (PLF) of 93%. The 1,200 MW Rosa Power Plant in Shahjahanpur, Uttar Pradesh, achieved an availability of approximately 97%. Additionally, Reliance NU Suntech Private Ltd, a wholly-owned subsidiary of Reliance Power, recently secured a solar battery energy storage system (BESS) project from the Solar Energy Corporation of India (SECI) for 930 MW and 1,860 MWh.

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