Reliance Infrastructure Ltd
Reliance Infrastructure Q2 FY26: Revenue ₹12,345 Cr
Q2 FY26 investor presentation: what the company reported on revenue, margins and projects.
Based on Reliance Infrastructure Ltd's Q2 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentationreports, not management guidance.
The short version
H1 FY26 Highlights (first half of FY26): - Revenue: ₹12,345 Crore - EBITDA: ₹3,777 Crore - Total Assets: ₹69,709 Crore - Net Debt: ₹6,524 Crore - Net Worth: ₹16,921 Crore - FY25 full year: - Revenue: ₹23,999 Crore - EBITDA: ₹12,289 Crore (includes one-time profit from regulatory deferral account) - Net Debt: ₹6,968 Crore - Net Worth: ₹14,287 Crore (as on 31 March 2025), increased to ₹16,921 Crore as on 30 September 2025 - No explicit year-on-year growth rates for the quarter or half year are stated directly, but comparisons show generally increasing revenue and net worth. Q2 H1FY26 Financials (Page 2, 15, 14): - Revenue: ₹12,345 Crore - EBITDA: ₹3,777 Crore - Net Debt: ₹6,524 Crore - Net Worth: ₹16,921 Crore - Year-on-Year Change (Page 15): - FY25 EBITDA: ₹12,289 Crore - Net Debt (FY25): ₹6,968 Crore - Net Worth (FY25): ₹14,287 Crore - Revenue and EBITDA show an upward trajectory compared to previous years. - Operating/EBITDA Margin Outlook: - The presentation does not explicitly state an EBITDA or operating margin outlook for the quarter or year; however, it reports a consistent EBITDA margin improvement at BSES (Page 12) up to 26% in FY25 from 13% in FY23, indicating operational efficiency improvements.
From Reliance Infrastructure Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- H1 FY26 Highlights (first half of FY26):
- Revenue: ₹12,345 Crore
- EBITDA: ₹3,777 Crore
- Total Assets: ₹69,709 Crore
- Net Debt: ₹6,524 Crore
- Net Worth: ₹16,921 Crore
- FY25 full year:
- Revenue: ₹23,999 Crore
- EBITDA: ₹12,289 Crore (includes one-time profit from regulatory deferral account)
- Net Debt: ₹6,968 Crore
- Net Worth: ₹14,287 Crore (as on 31 March 2025), increased to ₹16,921 Crore as on 30 September 2025
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Profitability & Margins
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Capital Expenditure Plans
- Reliance Infra targets building end-to-end midstream BESS capability (cell manufacturing to system integration) addressing a ~₹3 Lakh Crore opportunity (Page 24).
- PLI scheme aims to add ~50 GWh domestic cell manufacturing capacity by FY30 to address >90% supply gap (Page 23).
- India's 2030 solar capacity demand projected at ~55-60 GW (DC); large capex expected for wafer, cell, module production, with ALMM policy effective Jun '26 (cells), Jun '28 (wafers) driving domestic manufacturing expansion (Page 22).
- Integrated solar and battery giga-factories planned for cell, pack, module, and container manufacturing using next-gen technologies, aligned with India’s clean energy goals (Page 20).
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Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Reliance Infrastructure Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹4.0K Cr, net profit ₹1.6K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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Frequently Asked Questions
What were Reliance Infrastructure Ltd Q2 FY26 results?
H1 FY26 Highlights (first half of FY26): - Revenue: ₹12,345 Crore - EBITDA: ₹3,777 Crore - Total Assets: ₹69,709 Crore - Net Debt: ₹6,524 Crore - Net Worth: ₹16,921 Crore - FY25 full year: - Revenue: ₹23,999 Crore - EBITDA: ₹12,289 Crore (includes one-time profit from regulatory deferral account) - Net Debt: ₹6,968 Crore - Net Worth: ₹14,287 Crore (as on 31 March 2025), increased to ₹16,921 Crore as on 30 September 2025 - No explicit year-on-year growth rates for the quarter or half year are stated directly, but comparisons show generally increasing revenue and net worth. Q2 H1FY26 Financials (Page 2, 15, 14): - Revenue: ₹12,345 Crore - EBITDA: ₹3,777 Crore - Net Debt: ₹6,524 Crore - Net Worth: ₹16,921 Crore - Year-on-Year Change (Page 15): - FY25 EBITDA: ₹12,289 Crore - Net Debt (FY25): ₹6,968 Crore - Net Worth (FY25): ₹14,287 Crore - Revenue and EBITDA show an upward trajectory compared to previous years. - Operating/EBITDA Margin Outlook: - The presentation does not explicitly state an EBITDA or operating margin outlook for the quarter or year; however, it reports a consistent EBITDA margin improvement at BSES (Page 12) up to 26% in FY25 from 13% in FY23, indicating operational efficiency improvements.
What is Reliance Infrastructure Ltd share price analysis?
Reliance Infrastructure Ltd currently shows a neutral. The stock trades at a P/E of 1.0 with a market cap of ₹2,191 Cr. Investors should review the full earnings analysis for detailed insights.
Is Reliance Infrastructure Ltd planning capital expenditure?
Reliance Infra targets building end-to-end midstream BESS capability (cell manufacturing to system integration) addressing a ~₹3 Lakh Crore opportunity (Page 24).
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.