Reliance Power Limited, led by Anil Ambani and part of the Reliance Group, has announced its financial results for the third quarter and the nine months ending December 31, 2024. As one of India’s foremost private sector power generation and coal resources companies, Reliance Power boasts a substantial portfolio of power projects across coal, gas, hydro, and renewable energy, with an operational capacity of 5,300 megawatts.
In its Q3 FY2025 results, Reliance Power reported a profit after tax (PAT) of ₹42 crore, a significant turnaround from a loss of ₹1,136.75 crore in the same quarter of the previous financial year. The company’s total income for the October-December period rose to ₹2,159.44 crore, up from ₹1,998.79 crore in the corresponding period last year.
The earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q3 FY2025 stood at ₹492 crore, while the net worth of the company reached ₹16,217 crore, as disclosed in an exchange filing. Reliance Power also highlighted its total debt servicing, which included a maturity repayment of ₹4,217 crore over the nine-month period.
The company reported a notable improvement in its debt-to-equity ratio, which decreased from 1.61:1 in FY2024 to 0.86:1 in Q3 FY2025, positioning it among the lowest in the industry. Additionally, Reliance Power stated that it has zero bank debt and has not defaulted on any obligations.
In a significant development, Reliance NU Suntech Private Limited, a wholly-owned subsidiary of Reliance Power, recently secured a solar plus battery energy storage system (BESS) project from the Solar Energy Corporation of India (SECI). This project, which will have a capacity of 930 MW and 1,860 MWh, is set to become Asia’s largest solar and battery storage project at a single location.
On the stock market, shares of Reliance Power closed at ₹39.89, reflecting a slight decrease of 0.05% from the previous close of ₹39.91 on the Bombay Stock Exchange (BSE).
