Anil Ambani led company Reliance Power Q3 Result has come out. The report says the company has made a consolidated net profit of Rs 41.95 Crore from October to December 2024. This indicates a huge turnaround as last year the same Q3 results were Rs 1136.75 Crore in loss. This positive result has become possible because of higher income and efficient cost management say experts.
Reliance Power Financial Overview
As the reports came out, total income for the quarter increased by 8%. The previous year’s Q3 was Rs 1998.79 crore and this year it is Rs 2159.44 Crore. Not only income but expenses have improved as well this year total expenses were Rs 2109.56 crore whereas last year it was Rs 3167.49 Crore. The EBITDA for the quarter is around Rs 492 Crore.
The company has already announced it has achieved ‘Zero Bank Debt’ status. Total debt servicing, including maturity repayment in the nine months of FY25, amounted to ₹4,217 crore. This means debt to equity ratio is improving, and it will be 0.86:1 by the end of Q3 2025.
Recent Projects
Reliance Power has already announced its subsidiary company Reliance NU Suntech Private Ltd has secured a project from Solar Energy Corporation of India for developing a solar plus Battery Energy Storage system for 930 Mega Watts with a massive 1860 Mega Watt Hour energy storage system. This is going to be Asia’s largest solar battery storage project in a single location.
Debt Repayment Status
Currently, Reliance Power has zero debt from the bank. Sasan Power recently made a 150 million dollar payment to India Infrastructure Finance Company. This fulfilled the debt obligation on 31st December. Also, Rosa Power Supply Company Limited which is one of the subsidiary companies of Reliance Power has made an agreement with Power Finance Corporation Limited to get a term loan of up to Rs 3,76,000 lakhs.
