Mukesh Ambani’s younger brother Anil Ambani was facing many failures for the past several years. Debt of several thousand crore rupees, drowning companies, Nilam had become business like Anil Ambani’s destiny. But ever since Anil Ambani’s sons have taken the business in their hands, Anil Ambani and his group days have also changed. It seems that Anil Ambani’s good days are slowly returning right. Now the news that has come out is giving more relief. In fact, Reliance Power, one of Anil Ambani’s favorite companies, has returned to the profit track again. Companies have made profits after a long time. Also, there has been a cut in expenditure. Let us also tell you what kind of figures Reliance Power has presented in its quarter results.
Benefit in fourth quarter
Anil Ambani’s power sector company Reliance Power has made a profit of Rs 126 crore in the January-March quarter of FY 2024-25. The company had a loss of Rs 397.26 crore in the same quarter of FY 2023-24. Reliance Power said on Friday that its total income was Rs 2,066 crore in the fourth quarter, which was Rs 2,193.85 crore in the same quarter last year. At the same time, there has been a decline in the company’s expenses, which are good signs in terms of the health of the company. In the fourth quarter, the company’s total expenditure declined to Rs 1,998.49 crore, which was Rs 2,615.15 crore in the same period a year ago.
The year was special for Anil Ambani
If we talk about the entire financial year, then this year has been very special for Anil Ambani. The company has made profits in this whole quarter. According to the data released by the company, the company’s integrated net profit was Rs 2,947.83 crore during the financial year 2024-25, while in 2023-24 the company had a loss of Rs 2,068.38 crore. The company has paid a loan of Rs 5,338 crore including mature repayments in 12 months. The company’s loan and equity ratio declined to 0.88 in the last financial year, which was 1.61 in FY 2023-24.
Company shares boom
The company’s shares have seen a good rise on Friday. Looking at the data, Reliance Power’s stock closed at Rs 38.65 on Friday at Rs 38.65. During the business session, the company’s stock also reached the day high with Rs 38.85. By the way, the company’s stock reached 52 weeks high on 10 October 2024 with Rs 54.25. In such a situation, the company’s stock is currently trading 28.38 per cent fall from its peak.