Reliance Power shares stole the spotlight in today’s trading session, rallying sharply to hit a fresh 52-week high. The stock, led by Anil Ambani’s group, surged as much as 10.3% intraday to touch ₹71.33 on the National Stock Exchange (NSE). By 12:30 PM, it was trading 8.1% higher at ₹69.8 apiece.

The impressive surge marks yet another milestone in the stock’s stellar performance in 2025. So far this year, Reliance Power has delivered a remarkable return of over 68% to investors, pushing its market capitalisation to ₹29,574 crore.

Catalyst Behind the Rally

The recent rally has been fuelled by a combination of strong financial performance and strategic business wins. A major development came through Reliance Power’s subsidiary, Reliance NU Energies, which secured a significant clean energy project. The company received a Letter of Award (LOA) from state-owned SJVN Ltd for a 350-megawatt (MW) solar power project integrated with a 175-MW/700 megawatt-hour (MWh) Battery Energy Storage System (BESS).

The project was awarded through a competitive bidding process at a fixed tariff of ₹3.33 per kilowatt-hour (kWh) for 25 years—highlighting long-term revenue visibility and strong positioning in the renewable energy segment.

Financial Turnaround

Reliance Power has also posted a robust financial performance for the March quarter, indicating a significant turnaround. The company reported a consolidated net profit of ₹126 crore, a sharp contrast to the net loss of ₹398 crore in the same period last year. Total revenue for the quarter stood at ₹1,978 crore.

The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) saw a staggering 1,109% growth, jumping to ₹589.8 crore from ₹48.8 crore a year earlier. EBITDA margin also improved significantly, rising to 29.8% in Q4 FY25 from just 2.4% in the corresponding quarter of the previous fiscal.

Improved Financial Health

Another factor contributing to investor confidence is the company’s improving balance sheet. Reliance Power’s debt-to-equity ratio improved to 0.8:1 in FY25, down from 1.61:1 in FY24, signalling stronger financial health and reduced leverage risk.

Outlook

The convergence of robust earnings, new project wins, improved margins, and a healthier balance sheet is providing a renewed sense of optimism among investors. As Reliance Power continues to strengthen its foothold in the renewable energy space, the stock is likely to remain in focus in the coming weeks.

With strong momentum and strategic execution, Reliance Power appears well-positioned for sustained growth in the evolving Indian energy landscape.