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Reliance Power Q2 profit falls 65% to Rs 30 crore
Negative-100Company event
GreyOak summary
Reliance Power reported a 65% year-on-year decline in Q2 profit to ₹30.1 crore, with revenue falling 7% to ₹1,830 crore. The company cited exceptional charges from loan prepayments and financial stress at subsidiaries RSTEPL and SMPL, including insolvency proceedings.
What it affects
- Reliance PowerRPOWERNegative -100
Profit fell 65% to ₹30 croreRolling sentiment Negative -62
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