Reliance Power has returned to profitability in the second quarter of FY26, recording a net profit of ₹87.32 crore compared to a loss in the same period last year.
The company reported higher operational earnings and continued efforts to lower debt. Alongside, the board has approved a plan to raise $600 million through Foreign Currency Convertible Bonds (FCCBs).
For the quarter ended September 2025, Reliance Power recorded a net profit of ₹87.32 crore, marking a turnaround from a loss of ₹352 crore in Q2FY25.
The company’s EBITDA stood at ₹618 crore, reflecting a 64% year-on-year increase. Reliance Power also granted 100 lakh Employee Stock Options (ESOPs) during the period.
The company reported a debt-to-equity ratio of 0.87, indicating a relatively balanced capital structure. Reliance Power serviced debt worth ₹634 crore during the quarter, maintaining its focus on deleveraging. Its net worth was reported at ₹16,516 crore at the end of Q2FY26.
The board has approved seeking shareholder approval to raise up to $600 million via FCCBs. The funds are intended to support future growth initiatives and strengthen the company’s financial position.
Reliance Power also referred to the Enforcement Directorate’s search at its offices in July 2025 and the subsequent arrest of a former executive under the Prevention of Money Laundering Act. The company noted that the financial impact of these developments remains uncertain.
As of 11 November 2025, Reliance Power Limited’s shares traded at ₹40.42, reflecting a decline of 1.65% from the previous close of ₹41.10. The stock opened at ₹41.00 and moved within a range of ₹39.92 to ₹41.73 during the session.
Reliance Power’s return to profitability, along with its ongoing debt reduction and proposed fundraising plan, reflects its efforts to stabilise operations and position for future growth amid ongoing regulatory scrutiny.
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Published on: Nov 11, 2025, 11:47 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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