New Delhi, May 12 — Shares of Reliance Power soared more than 12.5 percent on Monday following the company's strong financial turnaround, reporting a consolidated net profit of Rs 126 crore for the January–March quarter of the financial year 2024–25 (Q4 FY25).
The stock climbed 12.54 percent to hit Rs 43.50 on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), reacting positively to the latest earnings report.
Reliance Power, in a regulatory filing on Friday, attributed the profit to a significant reduction in expenses. The company had reported a consolidated net loss of Rs 397.56 crore in the same quarter last year, marking a notable reversal in performance.
Despite a slight dip in total income to Rs 2,066 crore in Q4 FY25 from Rs 2,193.85 crore a year earlier, the company managed to cut its total expenses drastically to Rs 1,998.49 crore from Rs 2,615.15 crore.
For the full financial year 2024–25, Reliance Power posted a consolidated net profit of Rs 2,947.83 crore, compared to a loss of Rs 2,068.38 crore in FY24.
This dramatic improvement underscores the company’s efforts to optimize costs and improve financial stability, sending a strong signal to investors and contributing to the stock's sharp rally.
