May 25 is an important date for Anil Ambani as Reliance Infra is going to…
Anil Ambani, the younger brother of Asia’s richest man, Mukesh Ambani, has not tasted the same level of success in his businesses as his illustrious older sibling. However, the current financial has so far brought good fortune to Anil Ambani, with many of his Reliance Group companies becoming debt-free, and making profits after several years.
The shares of Anil Ambani-led Reliance Infrastructure were in high demand during the last trade week, with its share prices surging nearly 3 percent on last day of the trading week, closing at Rs 279.15 apiece, a jump of 2.72%. Reliance Infra stocks hit their 52-week high of Rs 350.90 in September 2024, while its lowest was Rs 143.70 in June 2024.
Reliance Infra Board meeting on May 26
Meanwhile, Reliance Infrastructure Limited will hold a Board of Directors meeting on May 23, 2025, according to a company filing with the BSE. The meeting, which was earlier scheduled for May 16, is likely to announced the company’s March quarter results, as well as discuss matters related to the firm’s growth.
In its October-December 2024 quarterly results, Reliance Infrastructure has registered an increase in net loss to Rs 3,298.35 crore, compared to Rs 421.17 crore in the same quarter last year. The company’s operating revenue third quarter of FY 2025 stood at Rs 4,743, a miniscule jump of 0.55 percent against the same time last fiscal.
Reliance Power makes profit in Jan-March quarter
Meanwhile, earlier this month, Reliance Power, considered by many as Anil Ambani’s ‘favorite company’ in the Reliance Group, earned a profit of Rs 126 crore in the January-March quarter, even as its total income dropped to Rs 2,066 crore, against Rs 2,193.85 crore in the same quarter last year.
According to the company’s quarterly results announced last week, Reliance Power saw a marked decline in total expenses in Q4 of FY24-25, with the total expenditure dropping to Rs 1,998.49 crore, against Rs 2,615.15 crore in the same period a year ago.
As per Q4 data released by Reliance Power, its consolidated net profit during FY24-25 was Rs 2,947.83 crore, while the company had suffered a loss of Rs 2,068.38 crore in FY2023-24. Reliance Power has repaid a loan of Rs 5,338 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.
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.
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