Reliance Power announced a ₹87 crore PAT for Q2FY26, a significant turnaround from the ₹(352) crore loss in Q2FY25. The Board has approved seeking member resolution for raising up to USD 600 million through Foreign Currency Convertible Bonds (FCCBs) to fund future growth. The company’s debt to equity ratio stands at 0.87, among the lowest in the industry. Debt servicing for the quarter was ₹634 crore.
Financial Performance Highlights
Reliance Power reported a consolidated Profit After Tax (PAT) of ₹87 crore for the second quarter of fiscal year 2026 (Q2FY26), compared to a loss of ₹(352) crore in the corresponding quarter of the previous year (Q2FY25). This represents a year-over-year (YoY) increase of 125%. The company’s EBITDA for Q2FY26 was ₹618 crore, up from ₹376 crore in Q2FY25, a 64% increase. Total income for Q2FY26 reached ₹2,067 crore, compared to ₹1,963 crore in Q2FY25.
Debt and Equity
Reliance Power’s debt to equity ratio is reported at 0.87, which the company states is among the lowest in the industry. The company serviced debt of ₹634 crore in Q2FY26, demonstrating a commitment to continued debt reduction. The net worth of the company as of Q2FY26 is ₹16,516 crore.
FCCB Issuance Approval
The Board of Directors has approved seeking an enabling resolution from its members to raise up to USD 600 million through the issuance of Foreign Currency Convertible Bonds (FCCBs). The proceeds from the FCCB issue are intended to fund future growth initiatives. Additionally, the company has granted 100 Lakh stock options under its Employee Stock Option Plan (ESOP) scheme.
Additional Key Points
The standalone financial results saw revenue from operations at ₹103 lakhs. The profit before tax was ₹473 lakhs, leading to a profit after tax of the same amount.
RSTEPL Going Concern
Rajasthan Sun Technique Energy Private Limited (RSTEPL) continues to face challenges due to the underperformance of implemented technology. While RSTEPL faces defaults, the parent company remains unaffected.
Source: BSE
