Reliance Power
The total income of the company stood at Rs.18,406 lakhs in FY22 as against Rs.52,212 lakh in FY21. The decrease is mainly due to one time gain of Rs.28,954 lakhs on NCD ( Non-convertible debentures) and ICD (Inter-Corporate Deposit) restructuring in FY21.
In FY22 Reliance Power reported a net loss of Rs.27,040 lakhs from its continuing operations as compared to a profit of Rs.5,534 lakhs in FY21.
The current Ratio of Reliance Power stood at 0.26 in FY22 as compared to 0.23 in FY21. The ratio is much lower than the ideal ratio of 1.33. it shows that the company may face liquidity problems in near future.
The debt service coverage ratio of Reliance Power stood at 0.23 times in FY22. It means that the company may have issues in repaying its debt liabilities.
The company has reported in its annual report that it has defaulted in repayment of borrowings and Interest. The total default as of 31.03.2022 stood at Rs.93,772 lakh and the total Interest default as of 31.03.2022 is Rs.66,551 lakh.
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