Business Standard

R-Power stock up nearly 5% on good Q3 numbers

Net profit for the quarter grew 30%, aided by record generation at 1,200 mega-watt Rosa plant

Read more on:    Stock | Bse | Scrip | Market | Reliance Power | Equity Capital
Related News

surged nearly 5% on the Bombay Exchange () today following announcement of its third quarter results during hours. R-Power's consolidated net profit increased 30% to Rs 266 crore on an over two-fold growth in operating revenues to Rs 1,464 crore in the quarter ended December 2012.

The BSE Sensex, meanwhile, was up 159.48 points or 0.8% at 20,083.26.

The stock hit a high of Rs 94.85 and a low of Rs 88.55 during the day. The stock had hit a 52-week high of Rs 139.40 on 6 March 2012 and a low of Rs 75.50 on 31 August 2012.

The stock had underperformed the market over the past one month till 24 January 2013, sliding 2.82% versus the Sensex's 3.47% rise. The had also underperformed the market in the past one quarter, declining 10.36% as against Sensex's 6.49% surge.

The company has an of Rs 2,805.13 crore, with a face value per share of Rs 10.

Commenting on the company's Q3 performance, J.P. Chalasani, chief executive officer, Reliance Power said, "The third quarter has proved to be an excellent one for the company as we turned in outstanding operational and financial numbers.

The net profit for the quarter grew 30%, aided by record generation from our 1,200 mega-watt Rosa power plant. On the construction side, pre-commissioning activities have started at our 3,960 mega-watt Sasan ultra mega power project and the project is all set to be commissioned in this quarter, well ahead of the bid schedule."

Read more on:   
|
|
|
|
|

Read More

Former CJI Kapadia joins BSE

Nominated to post by Sebi, takes over as public interest director

Quick Links

 

Market News

NSEL payments: HC orders creation of three-member monitoring panel

The three-member panel will negotiate with borrowers, FTIL and EOW on liquidation of borrowers' assets

El Niño worries inflation managers

RBI has decided to consider inflation based on new series CPI in which half of the weight is for food, beverages and tobacco

Sensex eyes Summit 23k as indices hit new peaks

Analysts expect gains to be limited in the near term as companies post their financial results and India continues its five-week long election ...

Traders trim positions ahead of poll results

Rollovers decline; open interest drops

Sebi's Draft Fatca norms: Greater scrutiny ahead for high-value US a/cs

Individual accounts with holdings of more than $1 mn will come under greater scrutiny; those with balances less than $50,000 will be exempt from ...

Back to Top