Reliance Infra Q2 results: auditor review qualified, FCCB plan up to USD 600 Mn
RELINFRA · price
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Board approved Q2/H1 FY26 unaudited results. Revenue fell to Rs 6,234.91 Cr (Q2) from Rs 7,258.49 Cr last year. Net profit Q2 was Rs 1,911.19 Cr including exceptional items of Rs 1,508.95 Cr. Auditor review was qualified as they could not determine recovery of Rs 4,748.11 Cr exposure in Odisha Discoms. Multiple subsidiaries face going concern issues. Prior period figures restated by Rs 5,312.02 Cr. Board also approved plan to issue FCCBs up to USD 600 million.
Qualified audit review, going concern flags at subsidiaries, and restated prior figures may weigh on stock despite strong headline profit from exceptional items.