Reliance Power Q2 FY25 Results: Net Profit at ₹2,878.15 Crore on Exceptional Gain; Revenue Down 13.6% YoY
Reliance Power Limited has reported its financial results for the second quarter ended September 30, 2024, posting a net profit of ₹2,878.15 crore, compared to a loss of ₹276.19 crore in the same quarter last year. The significant turnaround in profitability was primarily driven by an exceptional gain of ₹3,230.42 crore from the deconsolidation of a subsidiary.
| Particulars (₹ in Crore) | Q2 FY25 | Q2 FY24 | YoY Change | Q1 FY25 | QoQ Change |
|---|---|---|---|---|---|
| Revenue from Operations | 1,759.81 | 2,037.80 | -13.6% | 1,992.23 | -11.7% |
| Net Profit/(Loss) | 2,878.15 | (276.19) | – | (98.28) | – |
| Exceptional Gain | 3,230.42 | – | – | – | – |
The company’s revenue from operations declined 13.6% year-on-year to ₹1,759.81 crore in Q2 FY25, compared to ₹2,037.80 crore in Q2 FY24. On a sequential basis, revenue decreased 11.7% from ₹1,992.23 crore in Q1 FY25.
The quarter’s performance was marked by the substantial exceptional gain, which more than offset the decline in operational revenue, resulting in the company’s return to profitability after reporting losses in previous quarters.
