Reliance Power (RPOWER) Q2 24/25 earnings summary

Executive summary

• Total income for Q2FY25 was Rs. 1,963 crore, with EBITDA at Rs. 376 crore and PAT at Rs. 2,878 crore, reflecting a significant turnaround year-over-year.

• Net worth increased to Rs. 14,393 crore, up by Rs. 2,779 crore compared to Q4FY24.

• Sasan Ultra Mega Power Project achieved 85% PLF, and Rosa Power Plant reported 98% availability, with Rosa becoming a zero-debt company.

Financial highlights

• Q2FY25 consolidated revenue from operations was Rs. 1,75,981 lakh, with total income at Rs. 1,96,277 lakh.

• PAT for Q2FY25 was Rs. 2,87,812 lakh, driven by a one-time gain from deconsolidation of a subsidiary.

• Net worth as of September 30, 2024, stood at Rs. 14,39,328 lakh.

• Debt to equity ratio improved to 1.02:1 from 1.61:1 in FY24.

• Total debt servicing in six months amounted to Rs. 1,181 crore.

Outlook and guidance

• The company remains positive about meeting liabilities through monetization of gas-based power plants and other assets.

• FCCBs of up to USD 500 million approved, with ultra-low interest and 10-year tenure, to support future growth.