Reliance Power Shares Surge Over 6%

New Delhi: Shares of Reliance Power on Thursday ended over six per cent higher after the firm posted a net profit of Rs41.95 crore in the December quarter on account of higher income. The stock ended at Rs42.39 apiece, up 6.27 per cent on the BSE. During the day, it soared 10.17 per cent to Rs43.95. On the NSE, it climbed 6.33 per cent to Rs42.45 per share. During the day, the stock surged 10 per cent to Rs43.94. The company’s market valuation went up by Rs1,004.25 crore to Rs17,027.94 crore. In volume terms, 86.08 lakh shares of the firm were traded on the BSE and 727.13 lakh shares exchanged hands on the NSE during the day. The firm had reported a loss of Rs1,136.75 crore in the year-ago period, the company said in an exchange filing on Wednesday. The company’s total income rose to Rs2,159.44 crore during the quarter from Rs1,998.79 crore a year ago. Expenses stood at Rs2,109.56 crore against Rs3,167.49 crore in the third quarter of the preceding financial year. In a statement, the company said it has achieved zero bank debt status, which means it has no outstanding debt to any bank -- private or public. Total debt servicing, including maturity repayment, in the April-December period of FY25 was Rs4,217 crore.