Reliance Power Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
RPOWER · price
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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.
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Reliance Power reported audited consolidated revenue from operations of Rs 7,58,289 lakhs for FY25, down from Rs 7,89,260 lakhs in FY24. The company swung to a consolidated profit after tax of Rs 2,94,783 lakhs versus a loss of Rs 2,06,838 lakhs in FY24, but this was almost entirely driven by a one-time exceptional gain of Rs 3,23,042 lakhs from the deconsolidation of subsidiary Vidarbha Industries Power Limited (VIPL), whose lenders enforced their pledge on shares. Pre-exceptional loss narrowed to Rs 18,313 lakhs from Rs 1,98,810 lakhs. The auditor flagged a material uncertainty related to going concern of subsidiary RSTEPL (Rajasthan Sun Technique Energy) due to loan defaults and pending litigation. The board also approved the re-appointment of Vijay Kumar Sharma as Independent Director for a second 5-year term and appointed Ashita Kaul & Associates as Secretarial Auditor for FY26–FY30.
Headline PAT turnaround is misleading as it depends on a one-off accounting gain rather than operational performance; revenue continues to decline and the going-concern flag on RSTEPL signals underlying stress in the group. Shareholders should focus on core operating profitability and progress on monetising gas-based assets rather than the reported profit number.