Reliance Power
You say, “Reliance Power results” and the first thing which comes to mind is the debt – how much debt is the company sitting on. That is something we all know is what pushed the company into an abyss for some years. The company’s debt as at 31st March 2017 stands at Rs.29,935 crore, down %% from previous fiscal’s Rs.31,635 crore. Its interest outgo for Q4FY17 was at Rs.737 crore, down 8% while that for FY17 was at Rs.2843 crore, up 6%.
The company’s Q4FY17 consolidated revenue was flat, dropped 0.12% (YoY) to Rs.2466 crore and it still ended up with a 250% jump up in net profit at Rs.216 crore. Lower base effect apart, the lower fuel cost, the lower interest outgo and a 40% drop in tax outgo helped. Its biggest expense is on fuel cost at Rs.1010 crore, comprising 44% of total expenses and this was down 2.5% this Q4.
The company ended FY17 with a consolidated net profit of Rs.1104 crore, up 23%. Equity stands at a huge Rs.2805 crore.
Reliance Power currently has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy, with an operating portfolio of 5945 MW.