look news india
Reliance Infra Q2 Result: Anil Ambani’s derailed car is now running fast. They are getting good news one after the other. In his bad times, Anil Ambani had to repay the loan by mortgaging his wife’s jewellery, now his position is stronger than before. His sons and family have supported him in this. Recently there was news that his loss making company Reliance Power made Rs. There has been a profit of Rs 2878 crore. After this, now good news is coming about his other company also. The consolidated net profit of Reliance Infra Limited for the second quarter of the current financial year ended in September was Rs. 4,082.53 crore. This is the same company on which he is working with his son Jai Anmol Ambani.
Rs 294 last year, loss in the same quarter of the last financial year
Was Rs 294. There was a loss of Rs 294.04 crore. Reliance Infra said in the information given to the stock market that the profit received on loan settlement and arbitration claims was Rs. Including Rs 80.97 crore. Exceptional profit of Rs 3,575.27 crore helped boost its profit in the September quarter. The company’s total revenue declined marginally to Rs 1.5 crore in the September quarter. As compared to Rs 7,345.96 crore. 7,373.49 crore.
Big decline in company’s expenses
The company’s expenses fell to Rs 1.5 crore in the September quarter. 6,450.38 crore as against Rs. 7,100.66 crores. Reliance Infra is in the business of providing engineering and construction (E&C) services for power, roads, metro rail and other infrastructure sectors. After this news the shares of the company again rose. In the last 52 weeks Rs. The stock fell after hitting a high of $350.90. But at the end of Thursday’s trading session, the stock rose more than 3 percent to Rs. 258.40.
Reliance Power’s profit is also excellent
Before this, the net profit of his company Reliance Power has also seen a strong jump in the second quarter of the current financial year. Anil Ambani’s company has also returned to profit from losses. Reliance Power is already debt free. In the July-September 2023 quarter Rs. After incurring a loss of Rs 237.76 crore, Ambani’s Reliance Power has now turned profitable. Consolidated net profit of Reliance Power in the second quarter of the current financial year 2024-25 is Rs. 2,878.15 crores. The company had earlier reported Rs. Loss of Rs 237.76 crore.
Merger of subsidiary into company Rs. There has been a profit of Rs 3,230.42 crore. The company said that in the July-September quarter, Reliance Power paid its subsidiary Vidarbha Industries Power Limited (VIPL) Rs. Guarantor liabilities of Rs 3,872 crore have been settled. Reliance Power Limited, a component of the Reliance Group, is a private sector power generation and coal processing company in the country.