The stock of Anil Ambani company Reliance Power is trading with strong momentum in the trading session of Thursday, February 6. Due to the excellent results of the third quarter of the financial year 2024-25, the stock of Reliance Power jumped 10 percent to a high of Rs 43.95. Currently, the stock is trading at Rs 42.79 with a jump of 7.27 percent or Rs 2.90.
Reliance Power Share Price Movement on February 6, 2025: In today’s session, the stock of Reliance Power opened at Rs 41.38 against the previous closing level of Rs 39.89 and the stock jumped 10.17 percent to reach the level of Rs 43.95. Currently the stock is trading at Rs 42.51.
Reliance Power stock jump: The circuit filter of Power stock has been increased to 20 percent after review. Reliance Power’s market cap stands at Rs 17,044 crore after a spectacular jump in the stock.
Reliance Power Stock Jumps 10% – Hits ₹43.95 After Strong Q3 Results
This Power’s revenue stood at Rs 2159.44 crore in the third quarter of FY 2024-25 as against Rs 1998.79 crore in the same quarter of the previous fiscal.
Reduced Expenditure Boosts Profits – ₹2109.56 Cr Vs. ₹3167.49 Cr YoY: The company’s expenses have come down to Rs 2109.56 crore in the third quarter as against Rs 3167.49 crore in the same quarter of the previous fiscal.
Net Profit of ₹41.95 Cr Vs. ₹1136.75 Cr Loss in Q3 Last Year: In the third quarter of the current financial year, the company has made a net profit of Rs 41.95 crore, whereas in the same quarter of the last financial year, the company had a loss of Rs 1136.75 crore.
EBITDA Surges to ₹492 Cr in Q3 FY 2024-25: The company’s EBITDA stood at Rs 492 crore in the October-December quarter.
Should You Invest in Reliance Power Stock?
Reliance – Power said in a regulatory filing with the stock exchanges that it is now a zero debt company. Reliance Power’s net worth stood at Rs 16,217 crore at the end of the third quarter. The company said that the 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh is one of the best performing power plants, achieving 93% plant load factor.
