Latest News | Reliance Power Posts Rs 126 Cr Net Profit in Q4
Get latest articles and stories on Latest News at LatestLY. Reliance Power on Friday posted a consolidated net profit of Rs 126 crore in January-March quarter of FY25 due to lower expenses.
New Delhi, May 9 (PTI) Reliance Power on Friday posted a consolidated net profit of Rs 126 crore in January-March quarter of FY25 due to lower expenses.
The company had reported a loss of Rs 397.56 crore in the quarter ended on March 31, 2024, a regulatory filing showed.
Also Read | Who Was Daniel Pearl? Why India's Operation Sindoor Is Being Seen As Justice for Slain WSJ Journalist.
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.
Reliance Power Limited, part of the Reliance Group, is one of India's leading private sector power generation companies.
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.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)