Reliance Power shares fell over 3% following the release of its Q2 FY25 financial results.
The company reported a revenue of ₹1,759.81 crore, marking a 13.6% year-over-year (YoY) drop from ₹2,037.80 crore in Q2 FY24 and an 11.7% quarter-over-quarter (QoQ) decline from ₹1,992.23 crore.
Despite lower revenue, Reliance Power posted a profit of ₹2,878.15 crore from continuing operations, a substantial improvement over the previous year’s loss of ₹276.19 crore and the last quarter’s loss of ₹98.28 crore. This profit was primarily driven by an exceptional gain of ₹3,230.42 crore, attributed to the deconsolidation of a subsidiary
As of 9:16 am, Reliance Power shares were trading 3.47% lower at Rs 37.05 on the NSE.
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