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

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
Business Standard
177 22
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

Viveat Susan Pinto  |  Mumbai 



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."

RECOMMENDED FOR YOU

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
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

STOCK WATCH

Company Price() Chg(%)
Bajaj Electrical 263.85 9.60
Capital First 747.90 7.46
Transport Corp. 373.45 6.90
Allcargo Logist. 203.45 6.74
WABCO India 6069.50 6.43
> More on BSE Gainers
Company Price() Chg(%)
Bajaj Electrical 264.00 9.20
Capital First 747.40 7.81
Snowman Logistic 90.55 6.84
Allcargo Logist. 203.50 6.66
WABCO India 6088.15 6.52
> More on NSE Gainers
Company Price() Chg(%)
JM Financial 68.95 -8.43
T N Newsprint 282.85 -5.84
GIC Housing Fin 314.45 -4.63
Sintex Inds. 77.65 -3.78
Hatsun AgroProd. 326.95 -3.74
> More on BSE Gainers
Company Price() Chg(%)
JM Financial 69.20 -7.86
T N Newsprint 282.90 -5.73
Castex Tech 14.60 -4.89
Somany Ceramics 600.05 -4.09
Orissa Minerals 2253.25 -3.83
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard