Reliance Power Limited reported its financial results for the quarter ended September 30, 2024. Key highlights include:

  1. Revenue from Operations: The company reported revenue of ₹1,759.81 crore in Q2 FY25, marking a YoY decline of 13.6% from ₹2,037.80 crore in the same quarter last year. Revenue also saw a 11.7% decline QoQ from ₹1,992.23 crore in the previous quarter.
  2. Profit from Continuing Operations: Profit from continuing operations reached ₹2,878.15 crore for Q2 FY25, showcasing a significant improvement from a loss of ₹276.19 crore in Q2 FY24. On a QoQ basis, the profit improved from a loss of ₹98.28 crore.
  3. Exceptional Gain: The profit surge was primarily driven by an exceptional gain of ₹3,230.42 crore, attributed to the deconsolidation of a subsidiary. This exceptional item contributed to the turnaround in profit figures for the quarter.

The company’s performance reflects a substantial boost in profitability due to the exceptional gain, despite a decline in operational revenue year-on-year.

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