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

Related News

surged nearly 5% on the Bombay Exchange (BSE) 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 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:   
|
|
|
|
|

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

Reliance Power surged nearly 5% on the Bombay Stock Exchange (BSE) today following announcement of its third quarter results during market hours.

surged nearly 5% on the Bombay Exchange (BSE) 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 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."

image

Read More

Former CJI Kapadia joins BSE

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

Recommended for you

Quick Links

Market News

Nickel rises by 0.1% on Asian cues

Traders strengthened positions amid a firming Asian cues

Oil prices rise further in Asia

Expectations of a decline in US crude inventories and robust economic data from the eurozone helped prices

Markets remain rangebound; HUL up over 2%, Hindalco dips 1%

Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis

Pharma shares in focus; Aurobindo Pharma hits new high

JB Chemicals, Alembic Pharma, Aurobindo Pharma, Ipca Laboratories and Dishman Pharma were up 3%-11% each.

Infinite Computer gains on board approval for share buyback proposal

The stock spurted 5% at Rs 171 after the board approved the buyback of shares at a maximum price of Rs 220 per share from the open market ...

 

Back to Top