Reliance Infrastructure shares hit a 5% lower circuit at ₹64.33 following the announcement of a 79.07% year-on-year decline in consolidated net profit to ₹918.07 crore in Q4 FY26, compared with ₹4,387.08 crore posted in Q4 FY25. According to reports from Business Standard, the company's profit before exceptional items and tax stood at ₹1,651.45 crore in Q4 FY26, down 78.59% from ₹7,714.95 crore reported in the corresponding period last year. The significant profit decline was attributed to rising expenses that impacted margins during the quarter.
Revenue from operations slipped 2.59% YoY to ₹4,001.28 crore for the quarter ended 31 March 2026, as reported by Business Standard. The company's total expenses rose 12.25% to ₹5,419.87 crore in Q4 FY26 from ₹4,827.97 crore in the year-ago period. The cost of power purchased increased 19.93% YoY to ₹3,285.68 crore, while employee benefit expenses climbed 15.17% to ₹320.95 crore during the quarter. These cost pressures significantly impacted the company's profitability despite relatively stable revenue performance.
For the full financial year FY26, Reliance Infrastructure posted a 41.26% decline in consolidated net profit to ₹2,900.23 crore, according to Business Standard reports. Revenue from operations fell 13.35% year-on-year to ₹20,440.53 crore for the complete financial year. Exceptional loss came in at ₹496.10 crore during the quarter, compared with exceptional items of ₹514.35 crore in the corresponding period last year. The full-year performance reflected the challenging operating environment and cost pressures that persisted throughout the fiscal year.
The board approved the appointment of Vijesh Bahu Thota as chief executive officer with immediate effect, following his cessation as chief financial officer. As reported by Business Standard, the board also appointed Asheesh Chaturvedi as the new chief financial officer. Additionally, the board approved seeking shareholders authorisation to raise up to ₹3,000 crore through the issuance of equity shares, equity-linked instruments, or other eligible securities via qualified institutional placement (QIP), follow-on public offer (FPO), or a combination of both. These strategic moves come as the company navigates through the challenging operating environment and seeks to strengthen its financial position.
