Reliance Power Q1 FY27 PAT at Rs 64.7 cr; CIRP, ED/CBI probes, going concern flag
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 0.1 pts more than Nifty Smallcap 250 and 0.4 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 posted consolidated Q1 FY27 PAT of Rs 6,471 lakhs versus Rs 4,468 lakhs YoY, a jump of about 45%. Revenue from operations rose to Rs 1,95,632 lakhs. However, a lender of subsidiary Samalkot Power has initiated Corporate Insolvency Resolution Process under Section 7 of IBC against the parent company. Auditors flagged material uncertainty on going concern for multiple subsidiaries including RSTEPL, SMPL and DSPPL. ED and CBI investigations continue, and the former ED and CFO have been arrested in the fake bank guarantee case.
CIRP initiation by lender, going concern flags, and ongoing ED and CBI probes create a serious overhang for shareholders despite the improved quarterly PAT.