How has been the historical performance of Reliance Power?

Answer:The historical performance of Reliance Power shows a fluctuating trend in its financial metrics over the years, with a notable recovery in recent periods.

Breakdown:
Reliance Power's net sales have shown variability, with a peak of 8,201.31 Cr in Mar'19, declining to 7,582.89 Cr in Mar'25. Total operating income followed a similar pattern, reaching 7,582.89 Cr in Mar'25 after a low of 7,503.11 Cr in Mar'22. The company reported an operating profit (PBDIT) of 2,782.40 Cr in Mar'25, a significant increase from 1,524.94 Cr in Mar'24, indicating improved operational efficiency. However, interest expenses have decreased from 3,208.49 Cr in Mar'19 to 2,055.86 Cr in Mar'25, reflecting a reduction in borrowing costs. Profit before tax turned positive at 3,047.29 Cr in Mar'25 after several years of losses, while profit after tax also rebounded to 2,947.40 Cr. The earnings per share (EPS) improved to 7.34 in Mar'25, compared to a negative EPS in the previous year. The company's total liabilities decreased from 53,342.90 Cr in Mar'20 to 41,282.92 Cr in Mar'25, while total assets also declined from 53,342.90 Cr to 41,282.92 Cr in the same period. Cash flow from operating activities was 1,937.00 Cr in Mar'25, down from 3,173.00 Cr in Mar'24, indicating a tightening in cash generation despite the profit recovery. Overall, Reliance Power's financial performance reflects a recovery trajectory, with improvements in profitability metrics and a reduction in liabilities.