Reliance Power share price & results
- Jun 2026
- Sept 2026
Runs 5,305 MW of coal, solar and wind power plants (Sasan 3,960 MW, Rosa 1,200 MW) and captive coal mines.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,956 | +3.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 29.0 | −1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 65.0 | +44.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 0.02 | +1.6 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 35.54 | +8.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 2.85 | +4.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −62.4% 1Y
1Y: ₹45.2 on 24 Oct 2025 → ₹16.98. High ₹46.55 (30 Oct 2025), low ₹16.43 (23 Oct 2026).
- Previous close
- ₹16.54
- Market cap
- ₹6.8k Cr
- 52-week range
- ₹16.43 – ₹46.55
- One year
- −61.95%
- Return on equity (TTM to Jun 2026)
- 0.02%
Overview
- Symbol
- NSE:RPOWER
- Sector
- Power
- Industry
- Utilities
- Exchange
- NSE
- Currency
- INR
What Reliance Power Limited does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +44% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,760 | 1,853 | 1,978 | 1,886 | 1,974 | 1,873 | 1,887 | 1,956 |
| Expenses | 1,384 | 1,361 | 1,388 | 1,321 | 1,356 | 1,269 | 1,311 | 1,394 |
| Operating profit | 376 | 492 | 590 | 565 | 618 | 604 | 576 | 562 |
| Operating margin | 21.0% | 27.0% | 30.0% | 30.0% | 31.0% | 32.0% | 31.0% | 29.0% |
| Other income | 3,433 | 307 | 88 | 140 | 93 | 77 | -323 | 147 |
| Interest | 562 | 544 | 399 | 426 | 395 | 371 | 474 | 387 |
| Depreciation | 243 | 204 | 211 | 207 | 208 | 210 | 205 | 207 |
| Profit before tax | 3,004 | 50 | 67 | 72 | 108 | 100 | -426 | 116 |
| Tax rate | 4.0% | 16.0% | −87.0% | 38.0% | 19.0% | 75.0% | 16.0% | 44.0% |
| Net profit | 2,878 | 42 | 126 | 45 | 87 | 25 | -494 | 65 |
| EPS (₹ per share) | 7.16 | 0.10 | 0.31 | 0.11 | 0.21 | 0.06 | -1.19 | 0.16 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 5,813 | 7,901 | 7,583 | 7,620 |
| Expenses | 4,073 | 6,737 | 5,475 | 5,257 |
| Operating profit | 1,740 | 1,163 | 2,109 | 2,363 |
| Other income | 1,225 | 504 | 3,905 | -13 |
| Interest | 1,827 | 2,455 | 2,056 | 1,666 |
| Depreciation | 766 | 1,065 | 908 | 830 |
| Profit before tax | 369 | -1,854 | 3,048 | -146 |
| Net profit | 220 | -2,069 | 2,948 | -337 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 3,400 | 3,735 | 4,017 | 4,017 | 4,136 | 4,136 |
| Reserves | 8,364 | 7,860 | 7,597 | 12,320 | 12,380 | 11,904 |
| Borrowings | 23,129 | 21,236 | 18,766 | 15,153 | 15,232 | 14,812 |
| Other liabilities | 14,919 | 15,704 | 13,378 | 9,793 | 9,840 | 10,441 |
| Total liabilities | 49,812 | 48,535 | 43,758 | 41,283 | 41,587 | 41,293 |
| Fixed assets | 36,308 | 35,776 | 33,584 | 31,859 | 31,546 | 30,944 |
| Capital work in progress | 2,020 | 2,320 | 1,293 | 1,387 | 1,505 | 1,720 |
| Investments | 37 | 39 | 209 | 173 | 142 | 142 |
| Other assets | 11,447 | 10,401 | 8,672 | 7,864 | 8,394 | 8,486 |
| Total assets | 49,812 | 48,535 | 43,758 | 41,283 | 41,587 | 41,293 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 4,149 | 3,613 | 4,024 | 3,174 | 1,938 | 2,824 |
| Cash from investing | 486 | 284 | -354 | -192 | 451 | -212 |
| Cash from financing | -4,615 | -3,849 | -3,623 | -2,734 | -2,435 | -1,828 |
| Net cash flow | 19 | 48 | 46 | 248 | -46 | 785 |
| Free cash flow | 4,015 | 3,417 | 3,639 | 3,225 | 2,091 | 2,708 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 111 | 156 | 130 | 76 | 73 | 63 |
| Cash conversion cycle | 111 | 156 | 130 | 76 | 73 | 63 |
| Working capital days | -485 | -622 | -682 | -661 | -310 | -348 |
| Return on capital employed | 7.0% | 5.0% | 3.0% | 1.0% | 6.0% | 6.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Public hold 57.20% as of Sept 2026; institutions added 1.37 pts since Jun 2026.
- Promoters 24.98%
- Foreign institutions 13.46%
- Domestic institutions 4.34%
- Government 0.00%
- Public 57.20%
- Others 0.00%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Global fund house newly disclosed 1.00% 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 Sep 2026 filing
Every holder of Reliance Power Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 24.90% | unchanged | |
| FPI fund | 4.37% | unchanged |
| Insurer | 1.86% | −0.16 pp |
| NBFC / DFI | 1.79% | unchanged |
| Global fund house | 1.05% | unchanged |
| Global fund house | 1.00% | newly disclosed |
| 0.03% | unchanged | |
| 0.02% | unchanged | |
| 0.01% | unchanged | |
| 0.01% | unchanged | |
| 0.01% | 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 Sep 2026
0 new, 2 added, 3 trimmed, 0 sold out — net −1.69 L shares (−2.2%).
- Held by funds
- ₹14 Cr
- 5 schemes
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹9 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹9 Cr | −1.23 L | Mar '25 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹5 Cr | −0.63 L | Mar '25 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.19 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 Sep 2026
2 added, 3 trimmed — net −1.69 L shares (−2.2%)
- Funds are sitting on
- -58%
- vs est. average cost
- Held by funds
- ₹14 Cr
- 5 schemes · ≈ 0.18% of the company
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹9 Cr · 0.3% of that fund
Shares held by these funds +82%
May '23 73.57 L shares Sep '26
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