Reliance Power (RPOWER) Q2 25/26 earnings summary

Executive summary

• Net profit for Q2FY26 reached ₹87 crore, a significant turnaround from a loss of ₹352 crore in Q2FY25, marking a 125% year-over-year increase.

• EBITDA for Q2FY26 was ₹618 crore, up 64% from ₹376 crore in Q2FY25.

• Total income for Q2FY26 stood at ₹2,067 crore, compared to ₹1,963 crore in Q2FY25.

• The Board approved seeking authorization to raise up to $600 million via Foreign Currency Convertible Bonds (FCCBs) to fund growth.

Financial highlights

• Consolidated revenue from operations for Q2FY26 was ₹1,97,403 lakh, up from ₹1,75,981 lakh in Q2FY25.

• Profit before tax (excluding exceptional items) for Q2FY26 was ₹10,820 lakh, compared to a loss of ₹22,684 lakh in Q2FY25.

• Net profit after tax for Q2FY26 was ₹8,732 lakh, versus a net loss of ₹2,87,815 lakh in Q2FY25.

• Net worth as of September 30, 2025, was ₹16,516 crore.

• Debt servicing in Q2FY26 amounted to ₹634 crore.

Outlook and guidance

• The company remains positive about meeting its liabilities through business operations and asset monetization.

• Plans to raise up to $600 million through FCCBs to support future growth initiatives.