Reliance Power Share Price & Earnings Call Analysis

Financials of Reliance Power

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Reliance Power

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,7301,9222,0381,9441,9971,9921,7601,8531,9781,8861,9741,8731,887
Expenses +1,8891,3011,3182,3071,8111,3421,3841,3611,3881,3211,3561,2691,311
Operating Profit-159621720-364186651376492590565618604576
OPM %-9%32%35%-19%9%33%21%27%30%30%31%32%31%
Other Income +1,17037117175175773,433307881409377-323
Interest574620716602517551562544399426395371474
Depreciation266261259258287250243204211207208210205
Profit before tax171-224-138-1,048-444-733,004506772108100-426
Tax %-50%32%72%8%-10%34%4%16%-87%38%19%75%16%
Net Profit +257-296-238-1,137-398-982,87842126458725-494
EPS in Rs0.86-0.79-0.64-3.04-0.99-0.247.160.100.310.110.210.06-1.19

Financials of Reliance Power

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +6,90310,29910,3969,5938,2017,5627,9347,5037,5147,8937,5837,620
Expenses +4,3175,8845,8895,1994,2684,5364,3594,7685,6286,7335,4415,256
Operating Profit2,5874,4144,5064,3933,9343,0273,5752,7351,8861,1602,1422,363
OPM %37%43%43%46%48%40%45%36%25%15%28%31%
Other Income +298323496276-2,823-3,3844861921,2964993,871-13
Interest1,0742,6832,8432,9263,2063,0542,5392,7212,5042,4512,0561,666
Depreciation5247017347598388361,0831,0771,0171,062910829
Profit before tax1,2861,3531,425984-2,934-4,248439-871-339-1,8543,048-145
Tax %20%34%23%15%1%1%-3%5%19%12%3%132%
Net Profit +1,0288951,104840-2,952-4,271454-915-403-2,0682,948-337
EPS in Rs3.673.193.943.00-10.52-14.530.82-2.84-1.26-5.157.34-0.81
Dividend Payout %0%31%0%0%0%0%0%0%0%0%0%0%

Financials of Reliance Power

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2,8052,8052,8052,8052,8052,8052,8053,4003,7354,0174,0174,136
Reserves17,82717,42218,56218,43014,5729,0649,4418,3647,8607,59712,32011,904
Borrowings +33,21933,79032,92531,69730,45628,80425,63523,12921,23618,76615,15314,812
Other Liabilities +8,1759,9979,8729,24210,24512,67112,90114,91915,70413,3789,79310,441
Total Liabilities62,02664,01464,16562,17458,07853,34350,78249,81248,53543,75841,28341,293
Fixed Assets +33,63434,51534,85134,88135,90338,57437,19036,30835,77633,58431,85930,944
CWIP15,5317,3867,4036,9134,2763,6151,9122,0202,3201,2931,3871,720
Investments86187379928022430363739209173142
Other Assets +12,00121,24021,11220,10017,67511,12411,64411,44710,4018,6727,8648,486
Total Assets62,02664,01464,16562,17458,07853,34350,78249,81248,53543,75841,28341,293

Financials of Reliance Power

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,3994,5744,7054,3654,2234,5434,1493,6134,0243,1741,9382,824
Cash from Investing Activity +-3,630-1,348-2,14235460-247486284-354-192451-212
Cash from Financing Activity +695-3,194-3,389-4,311-4,839-4,200-4,615-3,849-3,623-2,734-2,435-1,828
Net Cash Flow-1,53532-826408-55696194846248-46785
Free Cash Flow-7612,5444,1303,9184,1803,9984,0153,4173,6393,2252,0912,708
CFO/OP54%109%106%104%108%154%117%134%216%277%92%122%

Financials of Reliance Power

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days15412510594122114111156130767363
Inventory Days
Days Payable
Cash Conversion Cycle15412510594122114111156130767363
Working Capital Days-209-162-158-209-567-551-485-622-682-661-309-348
ROCE %5%7%8%7%7%6%7%5%3%1%6%6%

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