| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,956 | 1,886 | +3.8% |
| EBITDA | 562 | 565 | −0.5% |
| EBITDA margin | 28.8% | 30.0% | −1.2 pts |
| Profit before tax | 116 | 72.3 | +60.3% |
| Net profit | 64.7 | 44.7 | +44.8% |
| EPS | ₹0.16 | ₹0.11 | +45.5% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 7,192 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 1,224 | 1,224 | 440 | 523 | 273 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 1,692 | ||
| 14,812 | 14,812 | 15,153 | 18,766 | 21,236 | ||
| 20,780 | — | — | — | — | ||
| 7,690 | 7,620 | 7,583 | 7,893 | 7,543 | ||
| — | +0.5% | −3.9% | +4.6% | — | ||
| 2,361 | 2,363 | 2,108 | 1,157 | 1,885 | ||
| 30.7% | 31.0% | 27.8% | 14.7% | 25.0% | ||
| 1,531 | 1,534 | 1,199 | 95.6 | 852 | ||
| −317 | −337 | 2,948 | −2,068 | −403 | ||
| −4.1% | −4.4% | 38.9% | −26.2% | −5.3% | ||
| −₹0.77 | −₹0.81 | ₹7.13 | −₹5.00 | −₹1.14 | ||
| — | −111.4% | +242.5% | −339.4% | — | ||
| — | 2,824 | 1,938 | 3,174 | 4,024 | ||
| — | −116 | 0.0 | 0.0 | −384 | ||
| 2,708 | 2,708 | 1,938 | 3,174 | 3,639 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 7,192.1 | |
| - Cash, Equiv & ST Investments | 272.8 | 522.7 | 439.8 | 1,224.5 | 1,224.5 | |
| + Minority Interest | 1,691.8 | 0.0 | 0.0 | 0.0 | 0.0 | |
| + Total Debt | 21,236.0 | 18,765.8 | 15,153.1 | 14,812.0 | 14,812.0 | |
| Enterprise Value | — | — | — | — | 20,779.7 | |
| Revenue | 7,542.7 | 7,892.6 | 7,582.9 | 7,619.7 | 7,690.5 | |
| Growth %, YoY | — | +4.6 | -3.9 | +0.5 | — | |
| EBITDA | 1,885.0 | 1,157.3 | 2,108.3 | 2,363.3 | 2,360.7 | |
| Margin % | 24.99 | 14.66 | 27.80 | 31.02 | 30.70 | |
| EBIT | 852.3 | 95.6 | 1,198.6 | 1,534.1 | 1,530.8 | |
| Net Income | -402.9 | -2,068.4 | 2,947.8 | -336.9 | -316.9 | |
| Margin % | -5.34 | -26.21 | 38.87 | -4.42 | -4.12 | |
| EPS, Adj (current shares) | -1.14 | -5.00 | 7.13 | -0.81 | -0.77 | |
| Growth %, YoY | — | -339.4 | +242.5 | -111.4 | — | |
| Cash from Operations | 4,023.7 | 3,173.9 | 1,937.9 | 2,824.4 | — | |
| Capital Expenditures | -384.5 | -0.0 | -0.0 | -115.9 | — | |
| Free Cash Flow | 3,639.3 | 3,173.9 | 1,937.9 | 2,708.4 | 2,708.4 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Reliance Power (NSE: RPOWER) had a market capitalisation of ₹7,850 crore at the 29 October 2026 close (₹18.98 a share) and a price-to-book ratio of 0.49. In FY26 its consolidated net loss was ₹337 crore on revenue of ₹7,620 crore; in Q1 FY27 (April–June 2026) it was ₹64.7 crore, up 44.8% year on year. Its debt-to-equity ratio was 0.92 on 31 March 2026. Promoters held 24.98% of the shares on 30 September 2026.
Reliance Power's PE ratio is not meaningful at the 29 October 2026 close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹319 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹7,850 crore at ₹18.98 a share.
Reliance Power's price-to-book (PB) ratio is 0.49 at the 29 October 2026 close: a market capitalisation of ₹7,850 crore divided by shareholders' equity (book value) of ₹16,039 crore on 31 March 2026. That is a book value of ₹38.78 per share against a share price of ₹18.98.
Reliance Power's net worth — shareholders' equity in its consolidated balance sheet — was ₹16,039 crore on 31 March 2026, down 1.8% from ₹16,337 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹7,850 crore at the 29 October 2026 close.
Reliance Power's market capitalisation was ₹7,850 crore at the 29 October 2026 close: 413.58 crore shares at ₹18.98 each.
No. Reliance Power had borrowings of ₹14,812 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.92. Its cash and current investments were ₹1,705 crore, so its net debt was ₹13,107 crore.
Reliance Power's basic earnings per share (EPS) were −₹0.82 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹0.76.
Reliance Power's debt-to-equity ratio was 0.92 on 31 March 2026: borrowings of ₹14,812 crore against total equity of ₹16,039 crore. A year earlier, on 31 March 2025, it was 0.93.
In FY26, Reliance Power generated ₹2,824 crore of cash from operations and spent ₹116 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹2,708 crore. In FY25 it was ₹1,938 crore.
In FY26 (April 2025–March 2026), Reliance Power's consolidated net loss was ₹337 crore, against a profit of ₹2,948 crore in FY25, on revenue from operations of ₹7,620 crore (up 0.5%).
In FY26, Reliance Power's return on equity (ROE) was −2.1% and its return on capital employed (ROCE) was 4.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 21.1% and ROCE 4.2%.
Reliance Power's book value per share was ₹38.78 on 31 March 2026: shareholders' equity of ₹16,039 crore divided by the 413.58 crore shares in issue, down 4.6% from ₹40.67 a year earlier. The share price at the 29 October 2026 close was ₹18.98.
On 30 September 2026, Reliance Power's shares were held by promoters 24.98%, foreign portfolio investors (FII/FPI) 13.46%, domestic institutions (DII) 4.34% (including mutual funds at 0.54%) and retail and other non-institutional investors 57.21%. Over the year, FII holding was up 0.37 percentage points from 13.09% and DII holding was up 0.60 percentage points from 3.74%.
Promoters held 24.98% of Reliance Power on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Reliance Power's latest results are for Q1 FY27 (April–June 2026), filed on 6 August 2026: consolidated net profit ₹64.7 crore, up 44.8% from ₹44.7 crore in Q1 FY26; revenue from operations ₹1,956 crore, up 3.8% year on year.
Reliance Power has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
On FY26 consolidated figures, against Adani Power, JSW Energy and RattanIndia Power: Reliance Power's operating margin of 20.1% is the third highest of the four (Adani Power 28.1%, JSW Energy 36.4%, RattanIndia Power 5.3%; peer average 23.3%); its return on equity of −2.1% is the lowest of the four (Adani Power 21.2%, JSW Energy 7.7%, RattanIndia Power 1.1%; peer average 10.0%); its revenue growth over three years of 0.3% a year is the third highest of the four (Adani Power 11.8% a year, JSW Energy 22.3% a year, RattanIndia Power −2.5% a year; peer average 10.5% a year).
In FY26, Reliance Power earned net profit of ₹337 crore on revenue of ₹7,620 crore, against ₹12,834 crore on ₹54,241 crore for Adani Power. Reliance Power's operating margin was 20.1% (Adani Power 28.1%) and its return on equity −2.1% (Adani Power 21.2%). At the 29 October 2026 close, Reliance Power's market capitalisation was ₹7,850 crore against ₹3,68,723 crore for Adani Power.
From Reliance Power's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.