Reliance Power Q3 FY26 results; going concern, auditor qualifications on RSTEPL
RPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts less than Nifty Smallcap 250 and 2.9 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Reliance Power reported Q3 FY26 consolidated revenue of Rs 1,872.84 cr (slightly up YoY) and PAT of Rs 25.11 cr, down from Rs 41.95 cr. 9M PAT was Rs 157.11 cr versus Rs 2,822.23 cr last year (which included a Rs 3,230 cr exceptional gain on deconsolidation). Auditor flagged going concern and impairment qualifications at subsidiary RSTEPL, which has Rs 3,326 cr accumulated losses, negative net worth, and loan defaults. Samalkot Power faces a lender demand of Rs 1,662.52 cr on parent guarantee, with arbitration pending. ED filed prosecution complaint and attached assets; SEBI initiated a forensic audit.
Heavy overhangs remain: going concern doubt at RSTEPL, ED prosecution, SEBI forensic audit, and Samalkot guarantee dispute weigh negatively on the stock.