Anil Ambani’s Reliance Power Shares in Focus Tomorrow After Mixed Q3 Results

Shares of Anil Ambani-led Reliance Power Ltd are expected to remain in focus on Sunday's trading session after the company reported mixed and largely disappointing financial results for the December quarter (Q3 FY26). For the unversed market will be open tomorrow in view of Union Budget 2026.

The company posted a 40.1% year-on-year (YoY) decline in consolidated net profit at ₹25 crore, compared with ₹42 crore in the same quarter last year, reflecting continued pressure on earnings.

However, revenue from operations edged up marginally by 1.1% YoY to ₹1,873 crore, from ₹1,853 crore in the corresponding quarter last year, offering some relief amid weak profitability. 

At the operating level, EBITDA jumped 22.8% YoY to ₹604 crore, up from ₹492 crore, while EBITDA margins improved sharply to 32.3% from 26.5%, indicating better cost control and operational efficiency. Despite the sharp fall in profit, margin expansion and improved operating performance emerged as key positives. Additionally, the company continues to maintain its zero bank debt status, which significantly strengthens its balance sheet and reduces financial risk.

Shares of Reliance Power have delivered investors more than 757% returns on their investment in the last five years and over 126% returns in the last three years, NSE data shows. However, the company's shares have lost 26.82% in the last one-year period.Reliance Power stock hit its 52-week high level at ₹76.49 on 11 June 2025, while the 52-week low level was at ₹26.83 on 27 January 2026, according to the exchange data. The company's market capitalisation (M-Cap) stood at ₹11,704.23 crore as of the stock market close on Friday, 30 January 2026.