Reliance Power (RPOWER) Q4 25/26 earnings summary

Executive summary

• Consolidated revenue from operations for FY26 was ₹7,61,971 lakhs, down from ₹7,58,289 lakhs in FY25, with a consolidated net loss of ₹33,689 lakhs compared to a net profit of ₹2,94,783 lakhs in FY25, mainly due to exceptional impairment and deconsolidation effects.

• Standalone net profit for FY26 was ₹1,337 lakhs, reversing a loss of ₹9,410 lakhs in FY25, with total income at ₹10,872 lakhs.

• Board approved appointment of a new independent director and statutory auditor, and authorized raising up to ₹6,000 crore via equity or related instruments.

Financial highlights

• Exceptional impairment of ₹38,160 lakhs recognized for Rajasthan Sun Technique Energy Private Limited (RSTEPL).

• Gain on deconsolidation of subsidiary amounted to ₹3,23,042 lakhs.

• Consolidated EPS for FY26 was (₹0.817) compared to ₹7.338 in FY25.

• Standalone EPS for FY26 was ₹0.032, up from (₹0.234) in FY25.

• Cash and cash equivalents at year-end stood at ₹1,22,446 lakhs (consolidated), up from ₹43,979 lakhs.

Outlook and guidance

• Management expects to address outstanding lender obligations through asset monetization and ongoing arbitration, particularly for Samalkot Power Limited (SMPL).

• The group remains confident in meeting liabilities through operational improvements and asset sales.