RELINFRA
Reliance Infra. share price & financials
- Price
- ₹81.55
- Market cap
- ₹2.2k Cr
- Sector
- Power
What Reliance Infra. does
Reliance Infrastructure, established in 1929, is a diversified Indian infrastructure group spanning power distribution, urban transport, roads, engineering & construction (E&C) and defence manufacturing. Its Delhi power discoms, BSES Rajdhani Power (BRPL) and BSES Yamuna Power (BYPL), distribute electricity to millions of residential, commercial and industrial consumers across South, West, East and Central Delhi. It also operates Mumbai Metro Line 1 under a Build-Own-Operate-Transfer PPP model, manages a portfolio of toll roads through Special Purpose Vehicles, and executes EPC contracts for thermal, gas, nuclear, metro and highway projects. Through joint ventures with Dassault Aviation, Thales, Rheinmetall AG and Diehl Defence, it manufactures aerospace assemblies, radar/electronic-warfare systems and ammunition for India's defence sector.
Segments
- Power Distribution
- Urban Transport (Metro)
- Roads & Highways
- Defence Manufacturing
- Engineering & Construction (E&C)
- Delhi Discom customers served
- 5.3 million+ (BRPL & BYPL)
- Delhi distribution service area
- ~851 sq. km
- Peak power managed (Delhi discoms)
- ~5,700 MW
- Electronic/smart meters installed
- 50 lakh+
- Mumbai Metro Line 1
- 11.4 km operational corridor (Versova-Andheri-Ghatkopar), India's first PPP metro line
- Metro ridership since inception
- 1,101 million passengers served (as of April 30, 2025) - highest for any single metro line in India
Quarterly results
Q1 FY27: revenue down 13.0%, net profit down 147.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 62 | 54 | 65 | 54 | 61 −2% | 60 +11% | 63 −3% | 47 −13% |
| EBITDA | -63 | -52 | -76 | -47 | -125 −98% | -94 −81% | -138 −82% | -46 +2% |
| Net profit | 2,084 | -3,203 | 714 | 109 | -601 −129% | -140 +96% | 25 −96% | -52 −148% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −79.5% 1Y
1Y: ₹261.55 on 10 Sept 2025 → ₹53.66. High ₹271.45 (17 Sept 2025), low ₹53.66 (11 Sept 2026).
Financials, as filed
Revenue fell 75.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to -169.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹16.8k Cr | ₹425 Cr | ₹212 Cr | ₹238 Cr |
| Operating profit | ₹1.2k Cr | ₹-394 Cr | ₹-246 Cr | ₹-404 Cr |
| Operating margin | 7.0% | -92.7% | -116.0% | -169.7% |
| Interest | ₹1.9k Cr | ₹739 Cr | ₹390 Cr | ₹289 Cr |
| Depreciation | ₹1.1k Cr | ₹16 Cr | ₹14 Cr | ₹15 Cr |
| Net profit | ₹-2.9k Cr | ₹-1.9k Cr | ₹-611 Cr | ₹-607 Cr |
| Net margin | -17.1% | -454.1% | -288.2% | -255.0% |
| Cash from operations | ₹532 Cr | ₹238 Cr | ₹-191 Cr | ₹-71 Cr |
| Free cash flow | ₹527 Cr | ₹261 Cr | ₹-200 Cr | ₹-74 Cr |
| ROCE | 1.0% | 0.0% | -1.0% | -1.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹263 Cr | ₹263 Cr | ₹352 Cr | ₹396 Cr | ₹409 Cr | ₹409 Cr |
| Reserves | ₹10.1k Cr | ₹9.9k Cr | ₹7.0k Cr | ₹5.9k Cr | ₹16.5k Cr | ₹23.4k Cr |
| Borrowings | ₹3.8k Cr | ₹3.8k Cr | ₹3.4k Cr | ₹3.1k Cr | ₹5.7k Cr | ₹578 Cr |
| Other liabilities | ₹6.6k Cr | ₹6.1k Cr | ₹6.8k Cr | ₹5.7k Cr | ₹47.1k Cr | ₹4.8k Cr |
| Total liabilities | ₹20.7k Cr | ₹20.0k Cr | ₹17.5k Cr | ₹15.1k Cr | ₹69.7k Cr | ₹29.2k Cr |
| Fixed assets | ₹380 Cr | ₹325 Cr | ₹302 Cr | ₹208 Cr | ₹17.6k Cr | ₹196 Cr |
| Capital work in progress | ₹17 Cr | ₹11 Cr | ₹11 Cr | ₹2 Cr | ₹1.3k Cr | ₹0 Cr |
| Investments | ₹7.7k Cr | ₹8.4k Cr | ₹8.2k Cr | ₹7.1k Cr | ₹10.4k Cr | ₹27.3k Cr |
| Other assets | ₹12.7k Cr | ₹11.3k Cr | ₹9.0k Cr | ₹7.8k Cr | ₹40.4k Cr | ₹1.7k Cr |
| Total assets | ₹20.7k Cr | ₹20.0k Cr | ₹17.5k Cr | ₹15.1k Cr | ₹69.7k Cr | ₹29.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +5.92 pp while FIIs trimmed −5.32 pp. The shareholder count shrank 8% to 6,54,736.
- Promoters
- 19.1%
- FIIs
- 4.9%
- DIIs
- 0.8%
- Government
- 0.0%
- Public
- 75.1%
- Others
- 0.1%
Since Jun 2025
- Public +5.92 pp
- FIIs −5.32 pp
- DIIs −0.60 pp
How it drifted, 12 quarters
Over this window FIIs fell from 12.1% to 4.9% — −7.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 16.6%, FIIs 12.1%, DIIs 2.9%, Government 0.0%, Public 68.3%, Others 0.1%.Dec '23: Promoters 16.5%, FIIs 12.7%, DIIs 2.6%, Government 0.0%, Public 68.0%, Others 0.1%.Mar '24: Promoters 16.5%, FIIs 11.8%, DIIs 2.2%, Government 0.0%, Public 69.4%, Others 0.1%.Jun '24: Promoters 16.5%, FIIs 12.4%, DIIs 2.3%, Government 0.0%, Public 68.8%, Others 0.1%.Sep '24: Promoters 16.5%, FIIs 8.4%, DIIs 1.4%, Government 0.0%, Public 73.6%, Others 0.1%.Dec '24: Promoters 16.5%, FIIs 9.0%, DIIs 1.3%, Government 0.0%, Public 73.0%, Others 0.1%.Mar '25: Promoters 16.5%, FIIs 11.3%, DIIs 1.4%, Government 0.0%, Public 70.7%, Others 0.1%.Jun '25: Promoters 19.1%, FIIs 10.3%, DIIs 1.4%, Government 0.0%, Public 69.2%, Others 0.1%.Sep '25: Promoters 19.1%, FIIs 7.1%, DIIs 1.3%, Government 0.0%, Public 72.5%, Others 0.1%.Dec '25: Promoters 19.1%, FIIs 5.7%, DIIs 1.1%, Government 0.0%, Public 74.0%, Others 0.1%.Mar '26: Promoters 19.1%, FIIs 5.5%, DIIs 1.2%, Government 0.0%, Public 74.1%, Others 0.1%.Jun '26: Promoters 19.1%, FIIs 4.9%, DIIs 0.8%, Government 0.0%, Public 75.1%, Others 0.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mathew Cyriac newly disclosed 1.91% held
- Vanguard Total International Stock Index Fund Global fund house +0.05 pp 1.11% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Reliance Infra. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Risee Infinity Private Limited | 18.87% | unchanged |
| Authum Investment & Infrastructure Lmited NBFC / DFI | 10.07% | unchanged |
| Mathew Cyriac | 1.91% | newly disclosed |
| Elimath Advisors Private Limited | 1.57% | −1.05 pp |
| Vanguard Total International Stock Index Fund Global fund house | 1.11% | +0.05 pp |
| Ketan Mohanlal Kakrecha | 1.10% | unchanged |
| Universal Trustees Private | 1.05% | unchanged |
| Smt.Kokila D. Ambani | 0.07% | unchanged |
| Jai Anmol A Ambani | 0.03% | unchanged |
| Tina A Ambani | 0.03% | unchanged |
| Shri Anil D. Ambani | 0.03% | unchanged |
| Reliance Project Ventures And Management Private Limited | 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Reliance Infra.
Guides on how to read this kind of business and the numbers that matter.