⚙️ Reliance Infra’s FY25 Results: ₹4,938 Cr PAT, Zero Debt… So Why Did The Stock Crash 4%?
📌 At a Glance Reliance Infrastructure just pulled off a full-year financial glow-up that would make even Adani blush: ✅ ₹4,938 Cr PAT in FY25 vs loss of ₹1,609 Cr in FY24 ✅ Net worth jumped 70% YoY ✅ Standalone net debt to zero (yes, zero) ✅ EBITDA shot up 154% YoY to ₹12,288 Cr (after excluding those usual Ambani-style ‘exceptionals’)
So naturally, the market response? 📉 Stock fell -3.86%. Classic.
🧾 Full-Year FY25 Financials (Consolidated)
Metric
FY25
FY24
Change
Operating Income
₹23,592 Cr
₹22,067 Cr
🔼 +7%
Adjusted EBITDA
₹12,288 Cr
₹4,842 Cr
🔼 +154%
PAT
₹4,938 Cr
(₹1,609 Cr)
🔼 Profit turnaround
Net Worth
₹14,287 Cr
₹8,428 Cr
🔼 +70%
External Net Debt/Equity
0.28x
0.78x
✅ Debt slashed
Standalone Net Debt
₹0
₹3,300 Cr
🎉 Debt-free!
🧠 Edu Note: Even excluding ₹1,100 Cr of “exceptional” gains, EBITDA more than doubled. That’s no longer “engineering profits,” that’s real cash talking.
🔍 Q4 FY25 Financials (Consolidated)
Metric
Q4 FY25
Q3 FY25
QoQ Change
Adjusted EBITDA
₹8,876 Cr
₹1,136 Cr
🔼 +681%
PAT
₹4,387 Cr
(₹3,298 Cr)
🔼 Stunning comeback
Net Worth
₹14,287 Cr
₹9,899 Cr
🔼 +44% QoQ
“This is the kind of quarterly reversal that deserves a Netflix documentary.”
