Reliance Power Shares Surge After Posting Impressive Q4 Profit

Shares of Reliance Power surged over 12.50% on Monday following the company's announcement of a consolidated net profit of Rs 126 crore for the January-March quarter of fiscal year 2025. This marks a significant recovery from the Rs 397.56 crore loss posted in the same quarter of the previous year.

Trade on the BSE and NSE saw the stock rise to Rs 43.50, driven by reduced expenses. Total income for the fourth quarter was down to Rs 2,066 crore compared to Rs 2,193.85 crore during the same period last year, while total expenses dropped to Rs 1,998.49 crore from Rs 2,615.15 crore a year ago.

For the 2024-25 fiscal, Reliance Power recorded an annual net profit of Rs 2,947.83 crore, a stark contrast to the Rs 2,068.38 crore loss reported for the 2023-24 fiscal year, showcasing the company's improved financial management and operational strategy.

(With inputs from agencies.)