Reliance Power Share Price Rises 6% After Q3 Results – Do You Own It?

Stock Market Today: Reliance Power Share Price Surges Over 6% in Morning Trades After Q3 Results – Do You Own It?

Stock Market Today: Reliance Power Share Price Jumps Over 6% After Q3 Results

Reliance Power’s share price saw a strong rise of more than 6% in morning trading on Thursday after the company announced its Q3 results following market hours on Wednesday.

The stock opened at ₹41.38 on the BSE, up over 3% from its previous close of ₹39.89. It continued to climb, reaching an intraday high of ₹43.69, marking gains of over 9% during the morning session.

Reliance Power Q3 Results

Reliance Power reported a profit of ₹41.95 crore for the quarter ending December 2024. This is a big improvement compared to the loss of ₹1,136.75 crore in the same quarter last year.

The company’s total revenue grew from ₹1,998.79 crore to ₹2,159.44 crore. At the same time, its expenses dropped from ₹3,167.49 crore in Q3 of the previous year to ₹2,109.56 crore in the recent quarter.

Reliance Power’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) stood at ₹492 crore ($57 million) for the October–December 2024 quarter.

Reliance Power’s Debt Reduction

In its statement to the stock exchanges, Reliance Power said that it had repaid debt worth ₹4,217 crore in the first nine months of the financial year.

The company also highlighted that its debt-to-equity ratio is one of the lowest in the industry. This ratio dropped from 1.61:1 at the end of FY24 to 0.86:1 by the end of Q3 FY25, showing a strong improvement in its financial health.

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