Shares of Anil Ambani-led Reliance Power Ltd witnessed a sharp rebound on Wednesday, with the stock rising nearly 6%, snapping a brief losing streak ahead of the company’s Q3 FY26 earnings announcement. The stock was trading at ₹29.04 during the session. The rally comes after a phase of sustained weakness. In recent weeks, Reliance Power shares had seen sharp sell-offs, including a fall of over 8% following SEBI’s decision to initiate a forensic audit into alleged violations of the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, and the Companies Act, 2013. The company has, however, clarified that it is a victim of fraud and that its operations remain unaffected.
Amid the ongoing earnings season, Reliance Power has announced its schedule for declaring third-quarter results for FY26. In an exchange filing, the company said its Board of Directors will meet on January 30, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company had announced its Q2 FY26 results late in the evening on November 10, 2025, and market participants expect a similar timeline for the Q3 announcement on January 30. For the September quarter, Reliance Power reported a net profit of ₹87 crore, compared with a loss of ₹352 crore in Q2 FY25. Total income for Q2 FY26 rose to ₹2,067 crore, up from ₹1,963 crore in the year-ago period.
Earlier, the board had also approved seeking shareholder approval to raise up to USD 600 million through foreign currency convertible bonds (FCCBs) to fund future growth. Despite today’s rebound, the stock remains under pressure over the longer term. Reliance Power had touched a multi-year high of ₹76.49 on June 11, 2025, but has since lost over 60% of its value. The decline has accelerated recently, with the stock falling over 16% in the past month and nearly 10% in the last five trading sessions. The sharp rebound ahead of the earnings announcement is likely to offer a glimmer of hope to investors.