Reliance Power just posted a sharp 65% drop in profit for the second quarter of FY27, earning ₹30.1 crore, down 65% year on year.
Revenue also slipped by 7% to ₹1,830 crore, as the company faced some tough financial headwinds.
Reliance Power 1-time ₹25.32 cr charge
A one-time charge of ₹25.32 crore from a loan prepayment added to their challenges this quarter.
Plus, some of Reliance Power's subsidiaries are struggling, one is dealing with tech and loan issues, while another is facing insolvency after a ₹1,892-crore guarantee from the parent company was called in.
To turn things around, they've brought in Rajendra Vishwanath Pawar as the new CFO and are focusing on restructuring and selling assets.
Meanwhile, their stock dipped slightly to ₹19.29 on Thursday.