Good news for Anil Ambani as his favorite company earns profit worth Rs…, the company is…
GH News May 10, 2025 07:06 PM
Anil Ambani the younger brother of Asias richest man Mukesh Ambani has not tasted the same level of business success as his illustrious older sibling with several businesses of his debt-ridden Reliance Group have either been shut sold or languishing under a mountain of debt. However Anil Ambanis fortunes have turned out of late with many of his companies now debt-free and making a steady profit. One such company of Anil Ambani-led Reliance Group which registered a profit in the January-March quarter of the financial year 2024-25 is Reliance Power. Considered by many as Anil Ambanis favorite company Reliance Power earned a profit of Rs 126 crore in the January-March quarter even as its total income dropped to Rs 2066 crore against Rs 2193.85 crore in the same quarter last year. According to the companys quarterly results announced Friday Reliance Power saw a marked decline in total expenses in Q4 of FY24-25 with the total expenditure dropping to Rs 1998.49 crore against Rs 2615.15 crore in the same period a year ago. Notably the whole financial year has brought good fortune for Anil Ambani as many of his Reliance Group companies have become debt-free and started making significant profits. As per Q4 data released by Reliance Power its consolidated net profit during FY24-25 was Rs 2947.83 crore while the company had suffered a loss of Rs 2068.38 crore in FY2023-24. Reliance Power has repaid a loan of Rs 5338 crore including mature repayment in 12 months due to which its loan to equity ratio has dropped to 0.88 in FY24-25 against 1.61 in the last fiscal. Meanwhile Reliance Power shares closed at Rs 38.65 apiece on Friday an increase of 1% according to stock market data. The companys stock prices had hit a 52-week high on October 10 2024 trading at Rs 54.25 apiece while the current prices are down 28.38 percent.
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