Reliance Power Limited has informed the Exchange regarding Board meeting held on May 09, 2025.
RPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.8 pts more than Nifty Smallcap 250 and 4.5 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Reliance Power's board met on May 09, 2025 and approved audited consolidated and standalone financial results for the quarter and year ended March 31, 2025. The auditor (Pathak H.D. & Associates LLP) issued an unmodified opinion. Consolidated revenue from operations fell to ₹7,58,289 lakhs from ₹7,89,260 lakhs in FY24, a decline of about 3.9%. The company swung to a consolidated profit after tax of ₹2,94,783 lakhs versus a loss of ₹2,06,838 lakhs in FY24, but this was almost entirely driven by a one-time exceptional gain of ₹3,23,042 lakhs from deconsolidation of Vidarbha Industries Power (VIPL) after lenders invoked pledged shares. Standalone PAT remained negative at ₹(9,410) lakhs. The board also re-appointed Independent Director Vijay Kumar Sharma for a second 5-year term and appointed Ashita Kaul & Associates as Secretarial Auditor for FY26–FY30. The auditor flagged a material uncertainty about going concern at subsidiary RSTEPL.
The headline PAT turnaround is misleading — it depends on a non-recurring VIPL deconsolidation gain and not core operating performance, while standalone results remain in the red. Investors should note the going-concern flag on RSTEPL and the declining revenue, which may keep the stock under pressure despite the positive optics on exceptional items.