Reliance Infrastructure Q2 FY26 Profit Surges, Board Eyes $600M FCCB Issue

Reliance Infrastructure reported a notable surge in consolidated profit before tax, reaching ₹2,546 crore in Q2 FY26, an 886% increase from ₹287 crore in Q1 FY26. The board approved seeking shareholder resolution to issue Foreign Currency Convertible Bonds (FCCBs) of up to US$ 600 million to fund future growth. Standalone bank debt is at zero with a net worth of ₹24,340 crore.

Financial Performance Highlights

Reliance Infrastructure showcased robust financial performance in the second quarter of FY26:

  • Consolidated profit before tax (PBT) reached ₹2,546 crore.
  • Consolidated EBITDA stood at ₹2,265 crore, reflecting a 202% year-on-year growth.
  • Consolidated total income reached ₹6,309 crore.

The company’s consolidated net worth increased by ₹2,066 crore, reaching ₹16,921 crore as of September 30, 2025.

Strategic Initiatives

The Reliance Infrastructure board is seeking shareholder approval for a resolution to issue Foreign Currency Convertible Bonds (FCCBs) of up to US$ 600 million. These funds are intended to support the company’s future growth initiatives.

Additionally, the company granted 51 lakh stock options under its ESOP scheme.

Business Segment Updates

Key operational updates include:

  • Delhi Discoms successfully met a combined peak demand of 5072 MW during Q2 FY26.
  • Mumbai Metro One achieved its highest-ever monthly ridership of 139.81 lakhs in September 2025.

Subsidiaries and Associates

SB Holding L.L.C-FZ became a subsidiary of the Holding Company effective July 15, 2025, and GDL – Reliance Solar Pte Ltd became a Joint Venture effective July 24, 2025.

Accounting Changes and Adjustments

During the quarter, the Holding Company has changed accounting treatment regarding Investments in Equity shares of Subsidiary companies.

Source: BSE

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