
Follow WOWNEWS 24x7 on:
Updated: May 09, 2025 22:17
Reliance Power Ltd. registered a consolidated net profit of ₹1.26 billion for the quarter ended March 2025, a sharp contrast to a net loss of ₹3.97 billion in the corresponding quarter last fiscal. The company's revenue from operations was ₹19.78 billion, a paltry year-on-year fall of 1% from ₹19.97 billion in the corresponding quarter last fiscal.
Profit return comes after a couple of challenging quarters for the firm, which had been suffering from operational and financial issues. The bottom line was supported by a combination of cost-cutting measures and enhanced operational efficiencies, while the top line growth was subdued.
This upbeat outcome is a welcome boost to Reliance Power, which has been working industriously to re-jig its business and pay back debt. Shareholders will be watching closely to determine if the company is able to sustain this profitability through the next quarters amidst a changing energy business landscape.
Reliance Power management was upbeat, citing ongoing efforts to enhance asset utilization and streamline costs. Shareholders are likely to greet the move to profitability as a positive one, even as the marginal drop in revenue serves to underscore the need to remain vigilant regarding growth and operating performance.
Source: NDTV Profit