Reliance Power shares surged 9% in early trade following the company’s impressive Q3 result. As of 10:21 AM, the shares were trading 9.34% higher at Rs 43.65.
Despite a 4.7% dip in revenue, which stood at Rs 1,853 crore compared to Rs 1,944 crore in the same period last year, the company reported a significant turnaround in profitability. The EBITDA for the quarter reached Rs 492 crore, a remarkable recovery from the previous year’s EBITDA loss of Rs 364 crore. This positive shift reflects improved operational efficiency and strategic initiatives taken by the company.
Reliance Power also posted a margin of 26.5%, signaling strong cost control and higher profitability. The company’s net profit of Rs 42 crore marks a sharp contrast to the substantial loss of Rs 1,137 crore in the previous year.
Reliance Power’s stock opened at ₹41.36, reaching a high of ₹43.94 and a low of ₹40.96 during trading. The company’s 52-week high stands at ₹53.64, while the 52-week low is ₹19.40.
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