Reliance Infrastructure Q2 FY26 Earnings: Net Profit Falls 50% to ₹1,911 Crore; Board Approves $600 Million Fundraising Plan

Reliance Infrastructure Ltd (R-Infra) reported a 50% year-on-year decline in consolidated net profit to ₹1,911.19 crore for the quarter ended September 30, 2025, compared to ₹4,082.53 crore in the same period last year. The fall was mainly due to a drop in total income and project activity.

Revenue and Expenses

The company’s total income fell to ₹6,309.48 crore, down from ₹7,345.96 crore in Q2 FY25. Meanwhile, it successfully reduced expenses to ₹5,991.49 crore, compared to ₹6,450.38 crore a year earlier, reflecting cost control efforts amid lower revenues.

Fundraising Plan of $600 Million

To support its upcoming expansion, Reliance Infra’s board approved a proposal to raise $600 million through the issuance of Foreign Currency Convertible Bonds (FCCBs). The move aims to fund new growth opportunities across its infrastructure segments.

Financial Position and Assets

The company’s consolidated net worth rose 14% to ₹16,921 crore as of September 30, 2025, from ₹14,855 crore at the end of June 2025. Its total consolidated assets stood at ₹69,708.76 crore, supported by a retail investor base of over 7 lakh shareholders. Notably, Reliance Infra reported zero standalone bank debt, highlighting a stronger balance sheet.

Business and Consumer Growth

In Q2 FY26, the company’s Delhi electricity distribution business added 46,224 new consumers, taking its total customer base to 53.24 lakh. Reliance Infrastructure continues to operate across power, roads, metro rail, and defence through various Special Purpose Vehicles (SPVs). It is also a leading provider of engineering and construction (E&C) services for large infrastructure projects.

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Reliance Infrastructure Share Price Movement

Reliance Infrastructure share price (NSE: RELINFRA) was trading at ₹177.45, up 2.11% on November 12, 2025. The stock opened at ₹177.00 and touched an intraday high of ₹182.47, with a low of ₹176.50. The company’s market capitalisation stood at ₹7,240 crore, and it currently has a price-to-earnings (P/E) ratio of 1.34. Reliance Infrastructure’s 52-week high is ₹423.40, while its 52-week low is ₹164.10, reflecting a wide range of volatility over the year. The stock does not offer any dividend yield at present.

Conclusion

Despite a steep drop in quarterly profit, Reliance Infrastructure remains focused on growth and debt-free operations. With its plan to raise $600 million and continued expansion in infrastructure and power segments, the company is positioning itself for long-term stability and future opportunities.

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