Anil Ambani's Reliance Infra Reports ₹4082.53 Crore Q2 Profit, Marking a Remarkable Turnaround

Anil Ambani's company Reliance Infra released its second-quarter financial results on Thursday. The second quarter was very good for this Reliance Group company. In the second quarter of FY 2024-25, Reliance Infra performed brilliantly and recorded a staggering net profit of Rs 4082.53. It is very important for Anil Ambani's company because, in the second quarter of the last financial year, the company had a net loss of Rs 294.04 crore.

Reliance Infrastructure said in a notice to the stock market exchanges on Thursday that an exceptional profit of Rs 3575.27 crore, including profit on debt settlement and Rs 80.97 crore received due to arbitration claim, helped in increasing its profit in the September quarter.

However, the company's revenue saw a slight decline in the second quarter. In the July-September quarter of the current financial year, the company generated a revenue of Rs 7345.96 crore, which was Rs 7373.49 crore in the second quarter of the last financial year. The company's expenditure also came down to Rs 6450.38 crore in the September quarter, which was Rs 7100.66 crore in the same quarter a year ago. Let us tell you that this company of Anil Ambani is in the business of providing engineering and construction services for power, road, metro rail and other infrastructure sectors.

On Thursday, the company's shares also saw a good rise. Yesterday, Reliance Infra shares closed at Rs 258.40 on the BSE with a gain of Rs 8.30 (3.32%). During trading on Thursday, the company's shares reached an intraday low of Rs 242.25 to an intraday high of Rs 261.70. Reliance Infra shares have a 52-week high of Rs 350.90 and a 52-week low of Rs 143.70. The current market cap of the company is Rs 10,236.03 crore.