Anil Ambani-led Reliance Power reported a consolidated net profit of Rs 44.68 crore for the quarter ended June 30, 2025 (Q1FY26), compared to a loss of Rs 98.16 crore in the year-ago period. The revenue from operations stood at Rs 1,885 crore, down 5.35 per cent year-on-year. The company recorded total income of Rs 2,025 crore, while EBITDA came in at Rs 565 crore.
The company serviced total debt of Rs 584 crore in the June quarter. Reliance Power also highlighted that its debt-to-equity ratio stood at 0.43, lowest in the industry. Net worth rose to Rs 16,431 crore as of June 30, 2025.
Sasan and Rosa plants continue strong operational performance
Reliance Power’s flagship project, the 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh, remained one of the top-performing plants in the country. It achieved a high plant load factor (PLF) of around 91 per cent. The 1,200 MW Rosa Power Plant in Uttar Pradesh also maintained operational strength, with an availability of around 97 per cent during the quarter.
Reliance Power secures solar + BESS project from SJVN
The company also informed that its subsidiary, Reliance NU Energies, received a Letter of Award (LoA) from state-run SJVN Limited for a 350 MW ISTS-connected Solar + Battery Energy Storage System (BESS) project.
The project involves setting up 600 MW of solar DC capacity and 175 MW / 700 MWh of BESS capacity at a tariff of Rs 3.33/kWh through competitive bidding. With this, Reliance Power has emerged as the country’s largest player in the solar + BESS segment, holding 2.4 GW of solar DC capacity and over 2.5 GWh of BESS capacity.
Reliance Power fund raising plans
The company has been scripting a turnaround of sorts. Not only has it cleared debt and reported net profit, but it is also raising funds via equity and debt. The company plans to raise Rs 9,000 crore via equity and debt. The board of this Anil Ambani group company has approved raising Rs 6,000 crore via equity shares. This will be through QIP route or FPO. As per the exchange filing, the Reliance Power board approved “raising funds up to Rs 6,000 crore through the issuance of equity shares and/or equitylinked instruments and/or other eligible securities to qualified institutional buyers by way of a Qualified Institutions Placement and/or follow-on public offer or a combination thereof.”
The board has also approved raising another Rs 3,000 crore via NCDs. This too could be done in multiple tranches. As per the company’s statement to the exchanges, the boatd “issuance of secured / unsecured, redeemable, non-convertible debentures up to Rs 3,000crore, in one or more tranches / series, on a private placement basis or otherwise.”