Reliance Infra Slashes ₹3,300 Crore Debt, Declares Itself Net Debt-Free to Banks and FIs

Reliance Infrastructure, led by Anil Ambani, has declared a dramatic financial turnaround in FY25 by wiping out its standalone debt to banks and financial institutions — a hefty ₹3,300 crore cut that leaves it officially debt-free on that front.

This sharp reversal in fortunes comes with more than just headline optics. The firm, long saddled with liabilities, posted a stunning ₹4,387 crore consolidated profit in Q4 alone. That’s not a typo. And yes, adjusted EBITDA? Skyrocketed 681% from the last quarter.

From Burdened to Breathing Easy

It wasn’t long ago that Reliance Infra looked like it was gasping for air, trapped in a web of mounting liabilities. But things have flipped.

In its latest regulatory filing, the company said it reduced its net debt to banks and FIs to “zero” as of FY25. On a standalone basis, this is no small feat — it shaved off ₹3,300 crore from its books in a single financial year.

That aggressive deleveraging signals more than balance-sheet strength. It’s also about confidence. And possibly a fresh chapter for the Anil Ambani-backed firm.

One sentence can change the tone of a company’s future. This was that sentence.

Q4 Numbers Don’t Whisper — They Roar

This isn’t just about debt. It’s also about results that raised more than a few eyebrows across Dalal Street.

Reliance Infrastructure’s Q4 FY25 numbers show:

• Consolidated net profit at ₹4,387 crore

• Adjusted EBITDA at ₹8,876 crore, marking a 681% jump from the previous quarter

• Full-year PAT at ₹4,938 crore — from a ₹1,609 crore loss in FY24

• Operating income up 7% YoY to ₹23,592 crore

• Full-year EBITDA at ₹12,288 crore (excluding exceptional items)

That’s a mouthful of numbers. But each one speaks volumes.

And here’s the kicker — the company’s consolidated net worth now stands at ₹14,287 crore. That’s a 70% jump year-on-year. Not incremental growth — tectonic shift.

Debt Ratios Show the Bigger Picture

Now here’s where things start to really look different for Reliance Infra. The company isn’t just boasting about being debt-free in press releases. Its metrics are saying the same thing.

Check out the changes in the core financial ratios:

That 0.28x debt-to-equity figure? That’s the lowest it has been in years.

And the climb in net worth? That’s not just an accounting win — it’s a reputation recovery.

Delhi, Mumbai Operations Hold Steady

While the books were getting cleaned, so was the company’s performance on the ground — especially in Delhi and Mumbai.

One-liner? The operational tailwinds are starting to show.

In Delhi, the company’s BSES discoms added over 44,500 new households in Q4 alone. That’s no rounding error. It’s organic growth — and a sign of increasing trust in its service.

Even better, Transmission & Distribution (T&D) losses in Delhi dipped below 7% — thanks to tighter operations and better efficiency. That’s a big win in utility circles, where every percentage drop in losses means serious cash saved.

Also worth noting: BSES Delhi discoms earned an ‘A+’ rating from REC. Again, not just letters — but a signal to the market that these businesses are stable, functional, and less risky than before.

What This Means for Anil Ambani and RInfra’s Future

Anil Ambani has kept a lower profile in recent years. But this financial shake-up could change that.

Reliance Infra’s clean-up might position the firm for future capital market action. Whether it’s refinancing, fundraising, or even selling assets — having zero net debt to banks gives them more than breathing room. It gives them leverage.

What’s interesting, too, is the tone shift. The company’s not just sharing dry numbers — it’s signaling a shift in identity. From a debt-heavy infrastructure play to a leaner, more profitable enterprise.

Yes, it’s early. Yes, this could still swing either way. But for now, Reliance Infra seems to have pulled off something rare: a comeback with numbers that do the talking.