Reliance Power (RPOWER) Q3 24/25 earnings summary

Executive summary

• Total income for Q3FY25 was Rs. 2,159 crore, with EBITDA at Rs. 492 crore and PAT at Rs. 42 crore, reflecting a return to profitability compared to a loss in the same quarter last year.

• Net worth stood at Rs. 16,217 crore as of Q3FY25, and the company reported zero bank debt and no defaults.

• Sasan Ultra Mega Power Project achieved ~93% PLF, and Rosa Power Plant reported 97% availability, highlighting strong operational performance.

Financial highlights

• Q3FY25 consolidated total income was Rs. 2,15,944 lakh, up from Rs. 1,99,879 lakh in Q3FY24.

• EBITDA for Q3FY25 was Rs. 492 crore, and PAT was Rs. 42 crore, a significant improvement from a net loss of Rs. 1,13,675 lakh in Q3FY24.

• For the nine months ended December 31, 2024, total income was Rs. 6,19,139 lakh, compared to Rs. 7,89,260 lakh in the prior year period.

• Exceptional gain of Rs. 3,23,042 lakh recognized due to deconsolidation of Vidarbha Industries Power Limited.

• Debt servicing, including maturity repayment, totaled Rs. 4,217 crore in the nine months.

Outlook and guidance

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

• Focus on future investments in renewable energy projects, including Asia's largest solar and battery storage project recently won by a subsidiary.