India, Jan. 19 -- India's power distribution companies have reported a rare consolidated profit after decades of losses

The government credits tighter enforcement and accounting reforms rather than tariff or subsidy changes

Analysts warn the turnaround may be fragile without deeper political and structural reforms

India's power distribution companies have reported a consolidated profit after tax of Rs 2,701 crore for the 2024-25 financial year (FY25), marking a rare turnaround for a sector that has remained structurally loss-making since the unbundling of State Electricity Boards more than two decades ago.

The government has projected the figure as a milestone, contrasting it with losses of Rs 25,553 crore in FY24 and Rs 67,962 crore ...