Stock Report

Reliance Power Ltd posts consolidated Q2FY21 PAT of Rs. 105.67 crore



Posted On : 2020-10-22 17:58:33( TIMEZONE : IST )

Reliance Power Ltd posts consolidated Q2FY21 PAT of Rs. 105.67 crore

RELIANCE POWER LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2626.49 crores during the period ended September 30, 2020 as compared to Rs.2137.10 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.105.67 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(1.88) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.377 for the period ended September 30, 2020 as compared to Rs.(0.007) for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 2626.49 crs₹ 2137.10 crsUp Tick 22.9%
Net Profit₹ 105.67 crs₹ (1.88) crsUp Tick 5720.74%
EPS₹ 0.377₹ (0.007)Up Tick 5485.71%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.2626.49 crores during the period ended September 30, 2020 as compared to Rs.2239.10 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.105.67 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.45.06 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.0.377 for the period ended September 30, 2020 as compared to Rs.0.160 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 2626.49 crs₹ 2239.10 crsUp Tick 17.3%
Net Profit₹ 105.67 crs₹ 45.06 crsUp Tick 134.51%
EPS₹ 0.377₹ 0.160Up Tick 135.63%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.4763.59 crores during the 6 months period ended September 30, 2020 as compared to Rs.4402.49 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.103.78 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.81.26 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.0.370 for the 6 months period ended September 30, 2020 as compared to Rs.0.290 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 4763.59 crs₹ 4402.49 crsUp Tick 8.2%
Net Profit₹ 103.78 crs₹ 81.26 crsUp Tick 27.71%
EPS₹ 0.370₹0.290Up Tick 27.59%

The debt equity ratio was at 2.30:1 in Q2FY21. Inspite of ongoing Covid-19 pandemic, the company has repaid Rs. 894 crore in H1FY21 and will repay ~Rs. 2290 crore in H2FY21 which will further improve the debt equity ratio.

Shares of RELIANCE POWER LTD. was last trading in BSE at Rs.2.74 as compared to the previous close of Rs. 2.48. The total number of shares traded during the day was 31395040 in over 13133 trades.

The stock hit an intraday high of Rs. 2.97 and intraday low of 2.42. The net turnover during the day was Rs. 87948971.

Source : Equity Bulls

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