Anil Ambani-led Reliance Power reported a net profit of Rs 87.32 crore in Q2FY26, compared to a loss of Rs 352 crore in Q2FY25, as per the statement by the company.
Reliance Power said its debt-to-equity ratio stood at 0.87, one of the lowest in the industry. The company also serviced debt worth Rs 634 crore during the quarter, underscoring its continued focus on reducing leverage. Its net worth at the end of Q2FY26 stood at Rs 16,516 crore.
Board approves fundraise via FCCBs
The company’s board has approved seeking an enabling resolution from shareholders to raise up to $600 million through the issue of Foreign Currency Convertible Bonds (FCCBs) to fund future growth plans.
ESOPs granted to employees
The company has also granted 100 lakh stock options under its employee stock ownership plan (ESOP) during the quarter.
ED search impact yet to be known
The company, in its release, said that the impact of the Enforcement Directorate’s (ED) search operation conducted at Reliance Power’s office in July 2025 — followed by the arrest of a former Executive Director and Chief Financial Officer under the Prevention of Money Laundering Act, 2002 — is not yet ascertainable.
“As the investigation is ongoing, the likely impact of the said matter is presently not ascertainable. Our conclusion is not modified in respect of this matter,” the auditor stated.
Key highlights from Reliance Power Q2FY26
The EBITDA rose 64% year-on-year to Rs 618 crore from Rs 376 crore in Q2FY25. Total income for the quarter increased to Rs 2,067 crore from Rs 1,963 crore in Q2FY25.