Quarterly Result: Reliance Power Ltd.
Bhagyashree Vivarekar / 11 Nov 2016
Reliance Power Ltd., ended at Rs. 43.4, down by 1 points or 2.25% from its earlier closing of Rs. 44.4 on the BSE. The company's reported net profit has been eroded by 6.2% yoy to Rs 272 cr.
Technical View:
Reliance Power Ltd., ended at Rs. 43.4, down by 1 points or 2.25% from its earlier closing of Rs. 44.4 on the BSE.
The scrip touched a high and low of Rs. 44.05 and Rs. 42.95 respectively, after opening at 43.5. Altogether 2571855(NSE+BSE) shares were traded on the counter; and the stock is trading above its 200 DMA.
Consolidated Results Q2FY17:
Bloomberg estimates were higher than Reliance Power Ltd.’s actual consolidated Q2FY17 numbers. Revenue has come in 4.4% lesser than the estimate of Rs 2587 cr. Net profit is 14.3% lesser than the estimated figure of Rs 317 cr.
The quarter's revenue has been eroded by 7.6% yoy to Rs 2472.73 cr.
Reliance Power's EBITDA has soared 1.2% yoy to Rs 1144.3 cr and EBITDA margins have expanded by 405 bps yoy to 46.3%. This was majorly supported by 24% yoy depletion in generation, administration & other expenses and 13% yoy drop in cost of fuel consumed.
The company's reported net profit has been eroded by 6.2% yoy to Rs 272 cr, majorly triggered by 14% yoy rise in finance cost.