Good news for Anil Ambani, moving away from losses now this company reported Rs 1260000000 of…, due to…
GH News May 10, 2025 12:06 PM
Reliance Power reported a consolidated net profit of Rs 126 crore for the January-March quarter of FY25 due to reduced expenses. This is a significant turnaround from the Rs 397.56 crore loss recorded in the same quarter ending March 31 2024 according to a regulatory filing. Total income dipped to Rs 2066 crore in the later fourth quarter from Rs 2193.85 crore in the same period a year ago.Total expenses declined to Rs 1998.49 crore in the quarter under review from Rs 2615.15 crore a year ago. During the 2024-25 fiscal the annual consolidated net profit stood at Rs 2947.83 crore. The company had reported a loss of Rs 2068.38 crore in 2023-24.The company has completed debt servicing of Rs 5338 crore including maturity repayment in 12 months. Its debt-to-equity ratio reduced from 1.61:1 in FY24 to 0.88:1 in FY25. The company has an operating portfolio of 5305 megawatts including 3960 megawatts Sasan Power Limited (worlds largest integrated coal based power plant). For the past seven years Sasan Power has consistently ranked as the best operating power plant in India. Reliance Power’s promoter and controlling shareholder Reliance Infrastructure is a key entity within the Anil Ambani-led Reliance Group. (With Inputs From PTI)
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