Reliance Power reported a ₹87 crore PAT for Q2FY26, a 125% YoY increase. EBITDA reached ₹618 crore, up 64% YoY. Total income stood at ₹2,067 crore. The company’s debt to equity ratio is 0.87, among the lowest in the industry. Debt servicing for the quarter was ₹634 crore. The board approved seeking a resolution from members for raising up to $600 million through FCCBs to fund growth.
Financial Performance Highlights
Reliance Power showcased significant improvements in its financial results for Q2FY26:
- PAT: ₹87 crore (vs Loss of ₹352 crore in Q2FY25)
- EBITDA: ₹618 crore (vs ₹376 crore in Q2FY25)
- Total Income: ₹2,067 crore (vs ₹1,963 crore in Q2FY25)
Debt Management
The company has a strong focus on debt reduction:
- Debt to equity ratio at 0.87, one of the lowest in the sector.
- Debt servicing of ₹634 crore in Q2 FY26.
FCCB Issuance Approval
The Board of Directors has approved seeking an enabling resolution from its members to raise up to $600 million through the issuance of Foreign Currency Convertible Bonds (FCCBs). This capital infusion is earmarked to support the company’s future growth initiatives.
Operational Updates
As of September 30, 2025, Reliance Power’s operational portfolio stands at 5,305 megawatts, which includes 3,960 megawatts from Sasan Power Limited. For the past seven years, Sasan Power has been consistently recognized as one of the best-performing power plants in India.
Source: BSE
