New Delhi, May 12 (PTI) Shares of Reliance Power on Monday jumped over 12.50 per cent after the firm posted a consolidated net profit of Rs 126 crore in January-March quarter of FY25.

The stock surged 12.54 per cent to Rs 43.50 on both the BSE and NSE.

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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.

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Total income dipped to Rs 2,066 crore in the 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 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)