Shares of Anil Ambani-led Reliance Power Ltd continued to remain under pressure on Monday, trading at ₹26.89, down 1.36% for the day. Over the past six months, the stock has plunged 43.48%, reflecting sustained investor concerns following weak quarterly earnings and subdued business performance. Reliance Power announced its October–December quarter (Q3 FY26) results on Friday, January 30, reporting a 40% year-on-year (YoY) decline in consolidated net profit to ₹25 crore, compared with ₹42 crore in the corresponding quarter last year.
Despite a marginal improvement in operational revenue, the company’s profitability remained weak. Revenue from core operations edged up just over 1% to ₹1,873 crore in Q3 FY26, from ₹1,853 crore a year earlier. Total expenses declined 12% YoY to ₹1,849 crore, aided by lower financing costs and reduced fuel expenses. However, higher tax outgo during the quarter weighed on the bottom line. On Monday, the stock traded near its 52-week low of ₹26.83, touched on January 27, 2026. The scrip had earlier scaled a 52-week high of ₹76.49 on June 11, 2025. At the current price, the company’s market capitalisation stands at ₹11,704.23 crore.
While the recent performance has been disappointing, Reliance Power shares have delivered multibagger returns over the longer term. The stock has surged more than 757% over the past five years and gained over 126% in the last three years. However, it has declined 26.82% over the past one year. On a year-to-date (YTD) basis, the stock has slipped 18.49% so far in 2026, although it has inched up 0.11% over the last five trading sessions.