Reliance Power swings to profit in Q2 FY26 amid strategic growth

Reliance Power Limited reported a Q2 FY26 PAT of Rs 87 crore, a 125% year-over-year increase from Q2 FY25's loss of Rs 352 crore. EBITDA for Q2 FY26 stood at Rs 618 crore, up 64% from Q2 FY25's Rs 376 crore. Total income reached Rs 2,067 crore in Q2 FY26, compared to Rs 1,963 crore in Q2 FY25.

The board approved seeking authorization from members to issue Foreign Currency Convertible Bonds (FCCBs) up to $600m for growth funding, and granted 100 lakh stock options under the ESOP scheme. The company maintains a strong financial position with a debt-to-equity ratio of 0.87, among the lowest in the industry, and Q2 FY26 net worth of Rs 16,516 crore, reflecting a continued commitment to debt reduction with debt servicing of Rs 634 crore.

These consolidated and standalone financial results for the quarter and half year ended September 30, 2025, were approved by the board of directors on November 10, 2025. The company has an operating portfolio of 5,305 megawatts, including the 3,960 megawatts Sasan Power Limited.