Anil Ambani is an Indian businessman who serves as the chairman and managing director of the Reliance Group. He had a remarkable business career, marked by both successes and challenges. However, in recent years he has faced significant financial difficulties, resulting in legal battles over debt repayment.
Despite these challenges, Anil Ambani has remained an influential figure in the Indian business landscape. He has been actively involved in promoting clean energy initiatives, affordable housing, and entrepreneurship in the country.
Listed below are some of the Reliance Group stocks that have delivered robust results and reduced their losses, thereby trying to make a comeback through revised measures, operational efficiency, and many others.
Reliance Infrastructure
Reliance Infrastructure Limited is one of the largest infrastructure companies engaged in developing infrastructure projects through various Special Purpose Vehicles (SPVs) in several sectors such as power, roads, metro rail, and airport in the infrastructure space and the defence sector.
With a market capitalization of Rs. 8,596 Crores, the shares of Reliance Infrastructure Limited closed at Rs. 217 per equity share, down 1.48 percent from its previous day’s close price of Rs. 220.25.
Q1FY25 Results
Its Revenue from operations grew by 29 percent YoY from Rs. 5,590.51 Crores in Q1FY24 to Rs. 7,192.83 Crores in Q1FY25 and it grew by 54 percent QoQ from Rs. 4,685.96 Crores in Q4FY24 to Rs. 7,192.8 Crores in Q1FY25.
Coming to the Net Loss it reduced by 65.26 percent from Rs. 672.86 Crores in Q1FY24 to Rs. 233.74 Crores in Q1FY25 and the loss grew by 6 percent QoQ from Rs. 220.58 Crores in Q4FY24 to Rs. 233.74 Crores in Q1FY25.
Vanguard Investment
As of Q1FY25 Foreign Institutional Investor, Vanguard holds made a fresh investment into the company by purchasing a 2.25 percent stake through Vanguard Total International Stock Index Fund and Vanguard Emerging Markets Stock Index Fund, A Series.
Ace Investment Trade
Ace Investor Vijay Kedia also made a fresh position into the company in Q4FY24 by purchasing a 1.01 percent stake, but as of Q1FY25 either it seems he’s not holding any position in the company or he has less than 1 percent stake in the company.
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Reliance Power
Reliance Power Limited is engaged in the business of developing, constructing, and operating power projects across India as well as across borders. It is involved in coal, gas, hydro, wind, and solar-based energy projects. It has close to 6,000 MW of operational power generation assets
Price Action
With a market capitalization of Rs. 12,553 Crores, the shares of Reliance Power Limited hit a 5 percent upper circuit at Rs. 31.25 per equity share, from its previous day’s close price of Rs. 29.77.
Q1FY25 Results
Its Revenue from operations grew by 4 percent YoY from Rs. 1,914.33 Crores in Q1FY24 to Rs. 1,992.23 Crores in Q1FY25 and it declined by 0.22 percent QoQ from Rs. 1,996.65 Crores in Q4FY24 to Rs. 1,992.23 Crores in Q1FY25.
Coming to the Net Loss was reduced by 67 percent from Rs. 296.31 Crores in Q1FY24 to Rs. 97.85 Crores in Q1FY25 and on a QoQ basis the net loss was reduced by 75 percent from Rs. 397.58 Crores in Q4FY24 to Rs. 97.85 Crores in Q1FY25.
The selling general and administrative expenses declined by 9 percent QoQ and 66 percent YoY. A significant reduction in Selling, General & Administrative (SG&A) expenses contributed to the improved financials.
Written by: Bharath K.S
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