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

Sesa Sterlite: Gains from lifting of Goa mining ban priced in

In the overall portfolio of iron ore, Goa accounts for a large chunk of the company's production

Biocon gains 9% on drug data announcement speculation

During the intra-day trade, shares of the company rose as much as 13%, the most since its listing in April 2004

Wonderla Holidays IPO subscribed 42% on Day 1

At the upper end of the band, the IPO could fetch about Rs 181 crore, while at the lower end, the proceeds would be to the tune of Rs 167 crore

Tata Power raises Rs 2,000 cr from rights offering

The issue saw a total subscription of Rs 3,916 crore

Wonderla IPO subscribed 42% on day one

The IPO price band has been fixed at Rs 115-Rs 125 per share

Back to Top