Reliance Power Ltd (NSE: RPOWER) Anil Ambani Company: Reliance Power share is under scrutiny throughout trading on Wednesday.
Reliance Power’s share price has slipped to the lower end of the circuit, which is 5 percent today. However, Reliance Power’s results for the September quarter were outstanding.
Reliance Power’s net income during the 2nd quarter of its current fiscal year was Rs 2878 crore.
The company posted a net loss of Rs 237.76 crore in the 2nd period (July-September) from the previous period of financial years 2023-24.
What Did The Company Say?
Reliance Power said in a note to the stock markets on Tuesday that its total earnings in the period under review decreased to Rs 1962.77 crore, down from Rs 2116.37 crore during the same time frame last year.
The company earned the sum of Rs 3230.42 crore as a result of the liquidation of its subsidiary company.
The company stated that during the quarter of July-September, Reliance Power has settled guarantees of Rs 3872 crores in its affiliate Vidarbha Industries Power Limited (VIPL).
Reliance Power Limited, a part of the Reliance Group, is India’s largest private-sector power generation firm and coal resources company.
Condition Of The Company’s Shares
This week on Wednesday, the stock of Reliance Power fell to a lower range of 5 percent, and the stock has dropped to the price of Rsd 36.46.
Over the past 5 days, the stock has dropped by 20 percent. On the 27th of March in 2020 the cost of this stock was Rs 1.15.
In the long run, the stock has resulted in a massive loss of 274 rupees (closing price on the 23rd May 2008). Between 2008 and 2020 the stock was a victim of a loss of 99 percent.
Reliance Power’s share has provided the possibility of a profit of 815 percent over the last 5 years.
At this time the price of its stock increased between Rs 4 and its current price. This stock saw a growth that could reach 62 percent over a year.
Quick Fact
| Company name | Reliance Power |
|---|---|
| Share price fall | 5% today |
| Net income Q2 | ₹2878 crore |
| Net loss Q2 | ₹237.76 crore |
| Revenue Q2 last year | ₹2116.37 crore |
| Revenue Q2 this year | ₹1962.77 crore |
| Subsidiary liquidation earnings | ₹3230.42 crore |
| Settled guarantees | ₹3872 crore in VIPL |
| 5-day share drop | 20% |
| Historical low price | ₹1.15 (March 2020) |
| Long-term share loss | ₹274 loss since May 2008 |
| Loss since 2008 | 99% |
| 5-year profit | Possible 815% |
| 1-year growth | Possible 62% |
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