Reliance Infrastructure reports net profit of ₹2,900.23 crore for FY26
Reliance Infrastructure Limited announced its audited financial results for the year ended March 31, 2026, reporting a consolidated net profit of ₹2,900.23 crore compared to ₹1,708.98 crore in the previous year. The board approved the appointment of new statutory and secretarial auditors, appointed a new Chief Executive Officer and Chief Financial Officer, and sought shareholder authorization to raise funds up to ₹3,000 crore.
*this image is generated using AI for illustrative purposes only.
Reliance Infrastructure Limited announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a consolidated net profit of ₹2,900.23 crore for the fiscal year 2025-26, compared to a net profit of ₹1,708.98 crore in the previous year. Total income from operations for the year stood at ₹23,591.88 crore.
The board of directors, in its meeting held on May 23, 2026, approved the appointment of M/s Paresh Rakesh & Associates LLP as the statutory auditors to fill a casual vacancy. The firm will hold office until the conclusion of the 102nd Annual General Meeting for the financial year 2030-31, subject to shareholder approval. M/s Chaturvedi & Shah LLP ceased to be the statutory auditors effective from the close of business hours on the same day.
Furthermore, the board approved the appointment of M/s Vijay S. Tiwari & Associates as Secretarial Auditors for a period of five years from FY 2026-27 to FY 2030-31. The company also approved the appointment of Shri Vijesh Bahu Thota as Chief Executive Officer, consequent to his cessation from the position of Chief Financial Officer. Shri Asheesh Chaturvedi was appointed as the new Chief Financial Officer with immediate effect.
In a significant move, the board sought enabling authorization from shareholders to raise funds up to ₹3,000 crore through the issuance of equity shares, equity-linked instruments, or other eligible securities. The funds may be raised via a Qualified Institutions Placement (QIP), a follow-on public offer, or a combination thereof, subject to requisite approvals.
Key Financial Highlights
| Particulars | Year Ended March 31, 2026 (₹ in crore) | Year Ended March 31, 2025 (₹ in crore) |
|---|---|---|
| Income from Operations | 23,591.88 | 23,999.29 |
| Total Income | 23,999.29 | 24,406.01 |
| Total Expenses | 20,862.03 | 22,563.27 |
| Net Profit for the year | 2,900.23 | 1,708.98 |
| Earnings Per Share (Basic) | 71.44 | 41.65 |
The auditors issued a disclaimer of opinion on the consolidated financial results due to the inability to determine the recovery of economic rights in Odisha Discoms and certain unlisted entities, and ongoing proceedings by regulatory authorities. However, the financial statements have been prepared on a going concern basis.
Historical Stock Returns for Reliance Industrial Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.27% | +2.64% | -1.28% | -10.81% | -16.99% | +87.23% |
How might the auditors' disclaimer of opinion regarding Odisha Discoms recovery impact Reliance Infrastructure's ability to successfully complete the planned ₹3,000 crore QIP or follow-on public offer?
What strategic acquisitions or debt reduction initiatives is Reliance Infrastructure likely to prioritize with the proceeds from the proposed ₹3,000 crore fundraise?
How could the simultaneous leadership transition — with the CEO previously serving as CFO and a new CFO appointment — affect investor confidence and the company's financial strategy going forward?
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