Reliance Power Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Qualified audit opinionGoing-concern doubtEmphasis of matterExceptional itemNet loss reportedRelated-party transactionsResults View source PDF Explain this filing

RPOWER · price

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Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹27.19

prior close

₹26.70

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-0.5% vs market

Power Generation peers, median of 28sector-0.0%-0.7% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Smallcap 250 and 0.7 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

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15m

+2.7

30m

+1.7

Sessions after the filingfrom the prior close

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Reaction day

-0.7-0.1-0.5-0.0-0.7

Next day

-1.5+1.1-2.6+1.4-3.0

-1.6+1.3-2.9+0.9-2.5

+1.9+1.8+0.1+2.7-0.8

+1.7+1.2+0.5+0.5+1.2

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15d

-2.0+3.0-5.0-0.6-1.4

-2.9+6.3-9.2-1.0-1.9

-11.0+6.4-17.4-6.3-4.7

-15.2+9.4-24.6-9.2-6.0

UpDownMarket · Nifty Smallcap 250Sector · Power Generation peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Reliance Power Limited reported a consolidated loss of ₹3,369 crore for FY2026 compared to a profit of ₹2,948 crore in FY2025, primarily due to an exceptional impairment charge of ₹3,816 crore on property, plant and equipment at subsidiary Rajasthan Sun Technique Energy Private Limited (RSTEPL). Revenue from operations marginally increased to ₹7,620 crore from ₹7,583 crore year-on-year. The statutory auditor issued a Qualified Opinion citing going concern uncertainties at subsidiaries RSTEPL and Samalkot Power Limited (SMPL), which have defaulted on borrowings and have negative net worth. Additionally, SMPL's lender has initiated Corporate Insolvency Resolution Process (CIRP) under Section 7 of IBC against the Parent Company. The Board approved appointment of new auditor M/s Kailash Chand Jain & Co. and authorized raising funds up to ₹6,000 crore via equity/equity-linked instruments and ₹3,000 crore via NCDs.

Likely market impact

The significant loss, qualified audit opinion, ongoing ED investigations, SEBI forensic audit, and IBC proceedings against the Parent Company represent serious concerns for shareholders. The fund-raising authorization may provide liquidity but comes at a dilutive cost. The stock faces significant headwinds due to regulatory scrutiny and subsidiary-level stress.