Good news for Anil Ambani, moving away from losses now this company reported Rs 1260000000 of…, due to…

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 2,066 crore in the later fourth quarter from Rs 2,193.85 crore in the same period a year ago.Total expenses declined to Rs 1,998.49 crore in the quarter under review from Rs 2,615.15 crore a year ago. During the 2024-25 fiscal, the annual consolidated net profit stood at Rs 2,947.83 crore.

The company had reported a loss of Rs 2,068.38 crore in 2023-24.The company has completed debt servicing of Rs 5,338 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 5,305 megawatts, including 3,960 megawatts Sasan Power Limited (world’s 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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