Annonce • Aug 03
Reliance Power Limited to Report Q1, 2027 Results on Aug 06, 2026 Reliance Power Limited announced that they will report Q1, 2027 results at 12:08 PM, Indian Standard Time on Aug 06, 2026 Board Change • Jul 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Director Avinash Gupta was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Jul 23
Reliance Power Limited, Annual General Meeting, Aug 14, 2026 Reliance Power Limited, Annual General Meeting, Aug 14, 2026, at 12:00 Indian Standard Time. Reported Earnings • May 23
Full year 2026 earnings released: ₹0.82 loss per share (vs ₹7.34 profit in FY 2025) Full year 2026 results: ₹0.82 loss per share (down from ₹7.34 profit in FY 2025). Revenue: ₹79.9b (up 5.3% from FY 2025). Net loss: ₹3.37b (down 111% from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Annonce • May 18
Reliance Power Limited to Report Q4, 2026 Results on May 21, 2026 Reliance Power Limited announced that they will report Q4, 2026 results on May 21, 2026 Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹28.94, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 28x in the Renewable Energy industry in India. Total returns to shareholders of 136% over the past three years. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: ₹0.061 (vs ₹0.10 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.061 (down from ₹0.10 in 3Q 2025). Revenue: ₹19.5b (up 5.2% from 3Q 2025). Net income: ₹251.1m (down 40% from 3Q 2025). Profit margin: 1.3% (down from 2.3% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Annonce • Jan 24
Reliance Power Limited to Report Q3, 2026 Results on Jan 30, 2026 Reliance Power Limited announced that they will report Q3, 2026 results on Jan 30, 2026 Annonce • Nov 04
Reliance Power Limited to Report Q2, 2026 Results on Nov 10, 2025 Reliance Power Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Annonce • Jul 17
Reliance Power Limited, Annual General Meeting, Aug 08, 2025 Reliance Power Limited, Annual General Meeting, Aug 08, 2025, at 12:00 Indian Standard Time. Annonce • Jul 16
Reliance Power Limited to Report Q1, 2026 Results on Jul 19, 2025 Reliance Power Limited announced that they will report Q1, 2026 results at 4:00 PM, Indian Standard Time on Jul 19, 2025 Annonce • May 02
Reliance Power Limited to Report Q4, 2025 Results on May 09, 2025 Reliance Power Limited announced that they will report Q4, 2025 results on May 09, 2025 Annonce • Jan 29
Reliance Power Limited to Report Q3, 2025 Results on Feb 05, 2025 Reliance Power Limited announced that they will report Q3, 2025 results on Feb 05, 2025 Annonce • Nov 16
Reliance Power Limited Announces Board Resignations Reliance Power Limited announced that considering the zero-bank debt of the Company and growth opportunities at the group level, Shri Sateesh Seth, who has a long association with the Group for over 23 years; Shri Punit Narendra Garg is also associated with the Group for over 24 years and Shri Raja Gopal Krotthapalli for over 6 years will form part of the newly formed Group Corporate Centre of the Reliance Group. They will advise, guide and assist the group in overall growth strategy and new business ventures and have accordingly, stepped down from the Board of Directors of the Company. Smt. Chhaya Virani and Smt. Manjari Ashok Kacker, Independent Directors of the Company have also tendered their resignation owing to their preoccupations. However, they continue to be associated with the Group as Independent Directors of the Promoter Company, Reliance Infrastructure Limited. Smt. Manjari Ashok Kacker is an Independent Director on the Board of Reliance Infrastructure Limited. She is also the chairperson of Audit Committee and member of Stakeholder Relationship Committee, Nomination & Remuneration Committee, Corporate Social Responsibility and Sustainability Committee and Risk Management Committee of Reliance Infrastructure Limited. Smt. Chhaya Virani is an Independent Director on the Board of Reliance Infrastructure Limited. She is also the chairperson of Stakeholder Relationship Committee and Corporate Social Responsibility Sustainability Committee and a member of Audit Committee, Nomination and Remuneration Committee and Risk Management Committee of Reliance Infrastructure Limited. Annonce • Nov 06
Reliance Power Limited to Report Q2, 2025 Results on Nov 12, 2024 Reliance Power Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Annonce • Aug 19
Adani Reportedly in Talks to Buy Reliance Power's 600 MW Thermal Plant Adani Power Limited (NSEI:ADANIPOWER) has begun talks to acquire the 600 MW Butibori thermal power project in Nagpur once owned by Anil Ambani's bankrupt Reliance Power Limited (NSEI:RPOWER), two people aware of the matter said. A deal is likely in the range of INR 24,000 million-INR 30,000 million, translating to INR 40 million-INR 50 million per MW, the people cited above said on the condition of anonymity. A potential acquisition would help India's largest private thermal power producer capitalize on the rising electricity demand in the country. "Adani Power is negotiating with CFM Asset Reconstruction Co. to acquire the project under Vidarbha Industries Power Ltd. The value of the project, which consists of two power plant units, was earlier around INR 60,000 million, but currently, the production (power generation) has stopped; so, the valuation has to be lower. The plant fits into Adani's strategy," one of the two people said. The Butibori project is owned by Vidarbha Industries Power, a subsidiary of Reliance Power. CFM ARC, which acquired all of its loans for INR 12,650 million, is currently the only lender to the project. Emails sent to Adani group and CFM ARC remained unanswered. "The entire deal will be funded through the internal accruals of Adani group," the person cited above said. Annonce • Aug 08
Reliance Power Limited to Report Q1, 2025 Results on Aug 14, 2024 Reliance Power Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Annonce • Jul 13
Reliance Power Limited, Annual General Meeting, Aug 03, 2024 Reliance Power Limited, Annual General Meeting, Aug 03, 2024, at 12:00 Indian Standard Time. Annonce • May 20
Reliance Power Limited to Report Q4, 2024 Results on May 25, 2024 Reliance Power Limited announced that they will report Q4, 2024 results at 12:08 PM, Indian Standard Time on May 25, 2024 Annonce • Jan 28
Reliance Power Limited to Report Q3, 2024 Results on Feb 03, 2024 Reliance Power Limited announced that they will report Q3, 2024 results on Feb 03, 2024 Annonce • Oct 25
Reliance Power Limited to Report Q2, 2024 Results on Oct 31, 2023 Reliance Power Limited announced that they will report Q2, 2024 results on Oct 31, 2023 Annonce • Jul 07
Reliance Power Limited, Annual General Meeting, Jul 28, 2023 Reliance Power Limited, Annual General Meeting, Jul 28, 2023, at 12:00 Indian Standard Time. Agenda: To consider the audited financial statement of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereon; to consider the audited consolidated financial statement of the Company for the financial year ended March 31, 2023 and the report of the Auditors thereon; to appoint a Director in place of Shri Raja Gopal Krotthapalli who retires by rotation under the provisions of the Companies Act, 2013 and being eligible, offers himself for re-appointment; and to consider other matters. Annonce • May 06
Reliance Power Limited Announces Management Appointments Reliance Power Limited announced that at its board meeting held on May 3, 2023, appointed Shri Punit Narendra Garg as Additional Director (Non-Executive Non-Independent); Smt Ramandeep Kaur as the Company Secretary cum Compliance Officer of the Company. Shri Punit Narendra Garg, aged 58 years, a qualified Engineer, is part of senior management team of Reliance Group since 2001 and is involved in taking a number of strategic decisions. Shri Garg has previously served as an Executive Director on the Board of Reliance Communications Limited. With rich experience of over 37 years, Shri Garg has created and led billion dollar businesses. As a visionary, strategist and a team builder he has driven profitable growth through innovation and operational excellence. Shri Garg is Executive Director and CEO of Reliance Infrastructure Limited and Reliance Velocity Limited. He also holds directorship in various Companies. Smt Ramandeep Kaur is a Fellow Member of The Institute of Company Secretaries of India. With over 22 years of extensive and highly regarded experience, Ramandeep's expertise spans across Corporate Laws, Securities Law and Corporate Governance. She has successfully spearheaded end-to-end Secretarial Compliances for Listed as well as Unlisted Companies. She further specializes in implementing Best Governance Practices, Capital Structuring, Corporate Affairs, Mergers & Restructuring and Legal Risk Mitigation Strategies. Annonce • Jan 29
Reliance Power Limited Appoints Ashok Kumar Pal as the Chief Financial Officer Reliance Power Limited has appointed Shri Ashok Kumar Pal as the Chief Financial Officer (CFO) of the Company. Date of appointment:- January 29, 2023. Shri Ashok Kumar Pal is a qualified Chartered Accountant with extensive hands on experience of over 22 years. He has established record of success in the field of Finance, Accounts, Taxation and other compliances. Shri Pal is associated with the Company for more than 5 years. Prior to joining Reliance Power Limited, he was associated with Deepak Nitrite Limited. He has also worked with Shrink Packaging Private Limited and Reliance Industries Limited. Cessation due to change in role to Business Strategy. Board Change • Feb 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vijay Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: ₹0.046 loss per share (down from ₹0.19 profit in 3Q 2021). Revenue: ₹18.0b (down 5.3% from 3Q 2021). Net loss: ₹141.2m (down 127% from profit in 3Q 2021). Revenue missed analyst estimates by 10%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Second quarter 2022 earnings released: ₹0.18 loss per share (vs ₹0.38 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: ₹18.9b (down 23% from 2Q 2021). Net loss: ₹577.0m (down 155% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 19% share price gain to ₹16.30, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 17x in the Renewable Energy industry in India. Total loss to shareholders of 43% over the past three years. Executive Departure • Oct 03
Chief Financial Officer Sandeep Khosla has left the company During their tenure, the company went from making losses to turning a profit. On the 25th of September, Sandeep Khosla left the company after 1.5 years in the role. We don't have any record of a personal shareholding under Sandeep's name. Sandeep is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 26% share price gain to ₹13.90, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 17x in the Renewable Energy industry in India. Total loss to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 22% share price gain to ₹11.75, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 10x in the Renewable Energy industry in India. Total loss to shareholders of 69% over the past three years. Reported Earnings • Aug 10
First quarter 2022 earnings released: EPS ₹0.043 (vs ₹0.006 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹20.6b (up 6.7% from 1Q 2021). Net income: ₹124.2m (up ₹141.6m from 1Q 2021). Profit margin: 0.6% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 28% per year. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₹13.20, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 14x in the Renewable Energy industry in India. Total loss to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₹8.20, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 9x in the Renewable Energy industry in India. Total loss to shareholders of 77% over the past three years. Reported Earnings • May 10
Full year 2021 earnings released: EPS ₹0.72 (vs ₹14.48 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹83.9b (up 11% from FY 2020). Net income: ₹2.02b (up ₹42.6b from FY 2020). Profit margin: 2.4% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 42% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 26
New 90-day high: ₹4.25 The company is up 37% from its price of ₹3.10 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 7.0% over the same period. Reported Earnings • Jan 23
Third quarter 2021 earnings released: EPS ₹0.19 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ₹19.0b (up 14% from 3Q 2020). Net income: ₹524.4m (up 8.4% from 3Q 2020). Profit margin: 2.8% (down from 2.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 84% per year but the company’s share price has only fallen by 58% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 08
New 90-day high: ₹3.65 The company is up 14% from its price of ₹3.20 on 09 September 2020. The Indian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 44% over the same period. Reported Earnings • Oct 23
First half earnings released Over the last 12 months the company has reported total losses of ₹40.4b, with losses widening by 26% from the prior year. Total revenue was ₹79.2b over the last 12 months, largely unchanged from the prior year. Is New 90 Day High Low • Oct 16
New 90-day low: ₹2.50 The company is down 28% from its price of ₹3.45 on 17 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 26% over the same period.