Reliance Power's Q2 FY 2025-26 Quarterly Results
- 18 Nov 2025
Result Summary
- Reliance Power Ltd reported a 2.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 5.3%.
- Its expenses for the quarter were up by 0.3% QoQ and down 10.5% YoY.
- The net profit increased 95.4% QoQ and decreased 97.0% YoY.
- The earnings per share (EPS) of Reliance Power Ltd stood at 0.21 during Q2 FY 2025-26.
Financial Statments for Q2 FY 2025-26
Total Income | 2067.10 | 2025.31 | 1962.77 | 2.1% | 5.3% |
Total Expenses | 1958.90 | 1953.01 | 2189.61 | 0.3% | -10.5% |
Profit Before Tax | 108.20 | 72.30 | 3003.58 | 49.7% | -96.4% |
Tax | 20.88 | 27.62 | 125.43 | -24.4% | -83.4% |
Profit After Tax | 87.32 | 44.68 | 2878.15 | 95.4% | -97.0% |
Earnings Per Share | 0.21 | 0.11 | 7.16 | 90.9% | -97.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Reliance Power Ltd, a part of the Reliance Group, is a major player in the Indian power sector. The company is primarily involved in the generation of power and is known for its power projects across India and internationally. Its portfolio includes thermal, hydroelectric, and renewable energy sources. Reliance Power's operations span across multiple phases of power generation, from development and construction to operation and maintenance of power plants. The company has been focusing on expanding its renewable energy portfolio in recent years. However, specific recent major developments are not available in the provided data.
Revenue
In Q2FY26, Reliance Power Ltd reported total income of ₹2067.10 crores, which represents a 2.1% increase from the previous quarter (Q1FY26) and a 5.3% increase year-over-year (YoY) from Q2FY25. This growth in total income can be observed despite a challenging market environment in the energy sector. The consistent revenue growth over the periods indicates a steady operational performance. The quarterly growth suggests a moderate improvement in revenue streams compared to the last quarter.
Profitability
For the quarter ending in Q2FY26, Reliance Power Ltd's profit before tax (PBT) stood at ₹108.20 crores, marking a significant 49.7% increase from Q1FY26. However, on a YoY basis, there is a dramatic decline of 96.4% compared to Q2FY25's PBT of ₹3003.58 crores. The profit after tax (PAT) for Q2FY26 was ₹87.32 crores, reflecting a substantial QoQ increase of 95.4% from Q1FY26, but a 97.0% decrease from Q2FY25. This was accompanied by a decrease in tax expenses by 24.4% QoQ and 83.4% YoY. Earnings per share (EPS) for Q2FY26 were reported at ₹0.21, a 90.9% increase from the previous quarter, but a 97.1% decrease from the same quarter last year.
Operating Metrics
Total expenses for Reliance Power Ltd in Q2FY26 amounted to ₹1958.90 crores, showing a slight increase of 0.3% from Q1FY26. Compared to Q2FY25, total expenses decreased by 10.5%, aligning with efforts to control costs and optimize operations. This reduction in expenses year-over-year might be reflective of cost management strategies or changes in operational efficiencies. The company has managed to maintain a positive profit margin despite the reduction in profit levels, as evidenced by the financial performance in the current quarter.