RPOWER
Reliance Power share price & financials
- Price
- ₹24.44
- Market cap
- ₹8.9k Cr
- Sector
- Power
What Reliance Power Limited does
Reliance Power is an independent power producer that owns and operates thermal, solar and wind generation assets, selling electricity to state discoms and utilities under long-term power purchase agreements. Its core plants are the Sasan Ultra Mega Power Project in Madhya Pradesh, run on cost-plus 'case-1' bidding backed by captive coal mines, and the Rosa Power Plant in Uttar Pradesh, which operates on a cost-plus tariff with an assured regulated return on equity. Beyond legacy thermal and solar/wind assets, the group is building a separate renewable and battery-storage development platform, Reliance NU Energies, to bid for and construct new solar, hybrid-storage and hydro capacity. It also holds a minority stake in a gas-based combined-cycle power project in Bangladesh and coal mining subsidiaries in Indonesia that are being divested.
Segments
- Thermal Power (Sasan)
- Thermal Power (Rosa)
- Solar & Wind (legacy)
- Renewable & Storage development (Reliance NU Energies)
- International gas power (Samalkot, Bangladesh)
- Total operating power generation capacity
- 5,305 MW
- Sasan Power plant capacity
- 3,960 MW (6 x 660 MW coal units)
- Rosa Power plant capacity
- 1,200 MW (4 x 300 MW coal units)
- Legacy solar + wind capacity
- 145 MW (100 MW CSP + 40 MW PV + 5 MW wind)
- Captive coal mine annual production
- ~19 MTPA (Moher and Moher-Amlohri mines)
- Discoms / states served under PPA (Sasan)
- 14 discoms across 7 states
Quarterly results
Q1 FY27: revenue up 3.7%, net profit up 44.4% 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 | 1,760 | 1,853 | 1,978 | 1,886 | 1,974 +12% | 1,873 +1% | 1,887 −5% | 1,956 +4% |
| EBITDA | 376 | 492 | 590 | 565 | 618 +64% | 604 +23% | 576 −2% | 562 −1% |
| Net profit | 2,878 | 42 | 126 | 45 | 87 −97% | 25 −40% | -494 −492% | 65 +44% |
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 −53.8% 1Y
1Y: ₹46.76 on 10 Sept 2025 → ₹21.58. High ₹48.83 (17 Sept 2025), low ₹20.36 (30 Mar 2026).
Financials, as filed
Revenue grew 9.4% a year over 3 years, FY23 to FY26. Operating margin widened to 31.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹5.8k Cr | ₹7.9k Cr | ₹7.6k Cr | ₹7.6k Cr |
| Operating profit | ₹1.7k Cr | ₹1.2k Cr | ₹2.1k Cr | ₹2.4k Cr |
| Operating margin | 29.9% | 14.7% | 27.8% | 31.0% |
| Interest | ₹1.8k Cr | ₹2.5k Cr | ₹2.1k Cr | ₹1.7k Cr |
| Depreciation | ₹766 Cr | ₹1.1k Cr | ₹908 Cr | ₹830 Cr |
| Net profit | ₹220 Cr | ₹-2.1k Cr | ₹2.9k Cr | ₹-337 Cr |
| Net margin | 3.8% | -26.2% | 38.9% | -4.4% |
| Cash from operations | ₹4.0k Cr | ₹3.2k Cr | ₹1.9k Cr | ₹2.8k Cr |
| Free cash flow | ₹3.6k Cr | ₹3.2k Cr | ₹2.1k Cr | ₹2.7k Cr |
| ROCE | 3.0% | 1.0% | 6.0% | 6.0% |
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 | ₹2.8k Cr | ₹3.4k Cr | ₹3.7k Cr | ₹4.0k Cr | ₹4.1k Cr | ₹4.1k Cr |
| Reserves | ₹9.4k Cr | ₹8.4k Cr | ₹7.9k Cr | ₹7.6k Cr | ₹12.4k Cr | ₹11.9k Cr |
| Borrowings | ₹25.6k Cr | ₹23.1k Cr | ₹21.2k Cr | ₹18.8k Cr | ₹15.2k Cr | ₹14.8k Cr |
| Other liabilities | ₹12.9k Cr | ₹14.9k Cr | ₹15.7k Cr | ₹13.4k Cr | ₹9.8k Cr | ₹10.4k Cr |
| Total liabilities | ₹50.8k Cr | ₹49.8k Cr | ₹48.5k Cr | ₹43.8k Cr | ₹41.6k Cr | ₹41.3k Cr |
| Fixed assets | ₹37.2k Cr | ₹36.3k Cr | ₹35.8k Cr | ₹33.6k Cr | ₹31.5k Cr | ₹30.9k Cr |
| Capital work in progress | ₹1.9k Cr | ₹2.0k Cr | ₹2.3k Cr | ₹1.3k Cr | ₹1.5k Cr | ₹1.7k Cr |
| Investments | ₹36 Cr | ₹37 Cr | ₹39 Cr | ₹209 Cr | ₹142 Cr | ₹142 Cr |
| Other assets | ₹11.6k Cr | ₹11.4k Cr | ₹10.4k Cr | ₹8.7k Cr | ₹8.4k Cr | ₹8.5k Cr |
| Total assets | ₹50.8k Cr | ₹49.8k Cr | ₹48.5k Cr | ₹43.8k Cr | ₹41.6k Cr | ₹41.3k 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, DIIs trimmed −0.82 pp while FIIs added +0.71 pp. The shareholder count shrank 2% to 43,18,443.
- Promoters
- 25.0%
- FIIs
- 13.6%
- DIIs
- 2.8%
- Public
- 58.6%
Since Jun 2025
- DIIs −0.82 pp
- FIIs +0.71 pp
- Public +0.09 pp
How it drifted, 12 quarters
Over this window FIIs went from 7.7% to 13.6% — +6.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 24.5%, FIIs 7.7%, DIIs 5.2%, Government 0.0%, Public 62.7%.Dec '23: Promoters 24.5%, FIIs 8.4%, DIIs 5.2%, Government 0.0%, Public 62.0%.Mar '24: Promoters 23.2%, FIIs 13.0%, DIIs 4.9%, Public 58.8%.Jun '24: Promoters 23.2%, FIIs 12.7%, DIIs 3.1%, Public 61.0%.Sep '24: Promoters 23.3%, FIIs 13.1%, DIIs 2.9%, Public 60.7%.Dec '24: Promoters 23.3%, FIIs 12.9%, DIIs 2.8%, Public 61.0%.Mar '25: Promoters 23.3%, FIIs 13.2%, DIIs 3.3%, Public 60.2%.Jun '25: Promoters 25.0%, FIIs 12.9%, DIIs 3.6%, Public 58.5%.Sep '25: Promoters 25.0%, FIIs 13.1%, DIIs 3.8%, Public 58.2%.Dec '25: Promoters 25.0%, FIIs 13.3%, DIIs 3.0%, Public 58.7%.Mar '26: Promoters 25.0%, FIIs 14.1%, DIIs 3.1%, Public 57.8%.Jun '26: Promoters 25.0%, FIIs 13.6%, DIIs 2.8%, Public 58.6%.
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.
- Authum Investment & Infrastructure Lmited NBFC / DFI newly disclosed 1.79% held
The same filing shows 2 holders trimming and 1 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 Power Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Reliance Infrastructure Limited | 24.90% | unchanged |
| Vfsi Holdings Pte. Ltd. FPI fund | 4.37% | −0.24 pp |
| Life Insurance Corporation Of India Insurer | 2.02% | −0.39 pp |
| Authum Investment & Infrastructure Lmited NBFC / DFI | 1.79% | newly disclosed |
| Vanguard Total International Stock Index Fund Global fund house | 1.05% | unchanged |
| Reliance Project Ventures And Management Private Limited | 0.03% | unchanged |
| Smt.Kokila D. Ambani | 0.02% | unchanged |
| Tina A Ambani | 0.01% | unchanged |
| Jai Anmol A Ambani | 0.01% | unchanged |
| Anil D Ambani | 0.01% | unchanged |
| Reliance Innoventures Pvt.Ltd. | 0.00% | unchanged |
| CLE Private Limited | 0.00% | 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.
Mutual funds in RPOWER
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.83 L shares (+1.1%).
- Held by funds
- ₹17 Cr
- 5 schemes
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹10 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹10 Cr | +0.57 L | Mar '25 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹5 Cr | +0.26 L | Mar '25 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Mar '25 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.01 L | Mar '25 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +82,939 shares (+1.1%)
- Funds are sitting on
- -40%
- vs est. average cost
- Held by funds
- ₹17 Cr
- 5 schemes · ≈ 0.21% of the company
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹10 Cr · 0.3% of that fund
Shares held by these funds +84%
Mar '23 74.43 L shares Jul '26
Learn to analyse Reliance Power Limited
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