This Reliance Group stock, engaged in developing, constructing, and operating power projects across India, focusing on thermal, solar, and battery energy storage solutions to support the country’s energy needs, jumped 13 percent after the company reported its March quarterly result with a 199 percent QOQ increase in net profit and received an order from SJVN.
With a market capitalization of Rs. 17,200.67 crores, the share of Reliance Power Limited has reached an intraday high of Rs. 43.50 per equity share, rising nearly 12.55 percent from its previous day’s close price of Rs. 38.65. Since then, the stock has retreated and is currently trading at Rs. 42.82 per equity share.
Reliance Power’s subsidiary, Reliance NU Energies, has won the largest share in a major solar and battery energy storage tender by SJVN, a leading public sector company. The project includes 350 MW of solar power and 175 MW/700 MWh of battery storage at a competitive tariff of INR 3.33 per unit for 25 years.
This win makes Reliance Power the biggest player in India’s solar plus storage sector, with a total clean energy pipeline of 2.5 GW of solar power and 2.5 GWh of battery storage. The project is part of a larger 1,200 MW solar and 2,400 MWh battery tender and was highly competitive, with 19 companies participating.
In addition, Reliance NU Suntech, another subsidiary, recently signed a 25-year agreement with SECI to build Asia’s largest solar and storage project with 930 MW of solar power and 1860 MWh of storage. These projects show Reliance Power’s strong push towards clean and reliable energy.
Also read: Why is the stock market up 3% Today? Key Reasons, Highlights & Important levels to Watch
Q4 FY25 Result Walkthrough
Coming into the quarterly results of Reliance Power Limited, the company’s consolidated revenue from operations decreased by 0.94 percent YOY, from Rs. 1,996.65 crore in Q4 FY24 to Rs. 1,978.01 crore in Q4 FY25, and grew by 6.76 percent QoQ from Rs. 1,852.84 crore in Q3 FY25.
In Q4 FY25, Reliance Power Limited’s consolidated net profit has turned from negative to positive, from a net loss of Rs. 397.56 crore in Q4 FY24 to a net profit of Rs. 125.57 crore in Q4 FY25. As compared to Q3 FY25, the net profit has increased by 199.33 percent, from Rs. 41.95 crore. The basic earnings per share increased by 200.96 percent and stood at Rs. 0.313 as against Rs. 0.104 recorded in the previous quarter.
FY25 Result: Reliance Power Limited’s revenue has decreased from Rs. 7,892.60 crore in FY24 to Rs. 7,582.89 crore in FY25, which is a drop of 3.92 percent. The net profit has turned from negative to positive, from a net loss of Rs. 2,068.38 crore in FY24 to a net profit of Rs. 2,947.83 crore in FY25.
Reliance Power Limited was established in 1995 and is a leading Indian private sector power generation company under the Reliance Group. It develops, constructs, and operates power projects across India, including coal, gas, and renewable energy plants. The company is known for large-scale projects like the Sasan Ultra Mega Power Plant and is expanding into solar and battery storage solutions.
Written By – Nikhil Naik
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