Single Digit PE Stock Reports 681 Per Cent QoQ EBITDA Growth in Q4 FY25; PAT Turns Positive
The company has delivered a 1-year return of 83.91 per cent and a 3-year return of 202.48 per cent.
Reliance Infrastructure Limited has announced its audited financial results for the quarter and year ended March 31, 2025, reporting a remarkable turnaround in its financial performance. The company, which is a prominent player in infrastructure and utilities, saw a significant improvement in earnings and profitability metrics during both Q4 FY25 and the full fiscal year.
For the fourth quarter of FY25, Reliance Infrastructure reported a consolidated EBITDA of Rs 8,876 crore, after adjusting for an exceptional income of Rs 514 crore. This represents a 681 per cent quarter-on-quarter (QoQ) increase compared to Rs 1,136 crore in Q3 FY25. Consolidated profit after tax (PAT) also turned positive, standing at Rs 4,387 crore in Q4 FY25, a sharp turnaround from a loss of Rs 3,298 crore in the previous quarter. The company’s consolidated net worth grew by 44 per cent QoQ, rising from Rs 9,899 crore as of December 31, 2024, to Rs 14,287 crore as of March 31, 2025.
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On a full-year basis, the financial performance showed robust recovery. The consolidated operating income for FY25 came in at Rs 23,592 crore, up 7 per cent year-on-year (YoY) from Rs 22,067 crore in FY24. Adjusted consolidated EBITDA for the year, excluding Rs 1,100 crore of exceptional income, stood at Rs 12,288 crore, marking a 154 per cent YoY increase over Rs 4,842 crore in FY24. Consolidated PAT for FY25 reached Rs 4,938 crore, reversing a loss of Rs 1,609 crore recorded in the previous year. The consolidated net worth surged 70 per cent YoY to Rs 14,287 crore from Rs 8,428 crore.
Operational highlights include strong performance by the Delhi Discoms, which added over 44,549 new households during Q4 FY24-25, taking the total count to 52.26 lakh. The Discoms also achieved Transmission & Distribution (T&D) losses of below 7 per cent on a rolling basis, reflecting improved efficiency. Peak demand met during the quarter stood at 3,623 MW, and both BSES Delhi Discoms received an 'A+' rating from REC Ltd. in the Consumer Service Rating of Discoms (CSRD) for FY23-24.
Mumbai Metro One also witnessed a strong operational quarter, reaching a weekday ridership of 500,000 and maintaining 99.99 per cent train availability and punctuality. The Metro Line-1 successfully conducted trial runs of short-loop operations to increase service frequency between Andheri and Ghatkopar, a high-demand corridor.
Another notable achievement was the complete reduction of standalone net debt from banks and financial institutions to zero by March 31, 2025. The company reduced debt by approximately Rs 3,300 crore during FY25. As a result, the consolidated external net debt-to-equity ratio improved to 0.28x from 0.78x a year earlier.
As of May 23, 2025, the stock price of Reliance Infrastructure Limited stands at Rs 305.2, with a 52-week high of Rs 336.85 and a 52-week low of Rs 149.95. The company has delivered a 1-year return of 83.91 per cent and a 3-year return of 202.48 per cent. Its market capitalisation is Rs 12,090 crore and the current price-to-earnings (PE) ratio is 44.36.
Reliance Infrastructure is a key player in the Indian infrastructure sector, engaged in projects across power, roads, metro rail, and airports. Through its subsidiaries, it is also a major utility provider, with the power segment contributing 91 per cent of its total business. The company manages electricity distribution in Delhi and operates several power generation plants. Its engineering and construction division handles turnkey infrastructure projects, while the defence business focuses on aerostructures and fighter jet components through global joint ventures.
Recently, the company strengthened its financial position by raising funds via preferential share allotment and acquiring a stake in Utility Powertech Limited. Major public shareholders include Authum Investment & Infrastructure Limited (10.89 per cent), Mathew Cyriac (3.27 per cent), Florintree Insurtech LLP (2.18 per cent), Universal Trustees Pvt Ltd (1.22 per cent), and Ketan Mohanlal Kakrecha (1.14 per cent).
Disclaimer: The article is for informational purposes only and not investment advice.