Shares of Anil Ambani-led Reliance Power Ltd (NSE: RPOWER) witnessed a mild recovery in Monday’s trading session, rising nearly 1% to trade around ₹28.51, after enduring weeks of sustained selling pressure. Despite today’s uptick, the stock remains under pressure, having corrected sharply over the past six months. The power generation company recently announced its financial results for the third quarter of FY26, reporting a 40.14% year-on-year decline in consolidated profit after tax (PAT) to ₹25.22 crore, compared to ₹41.95 crore in the corresponding quarter last year.
Revenue from operations stood at ₹1,872.84 crore in Q3 FY26, marking a marginal growth of 1.08% year-on-year against ₹1,852.84 crore in Q3 FY25. However, the company’s total income declined to ₹1,949.78 crore from ₹2,159.44 crore in the year-ago period, reflecting pressure on overall earnings. Reliance Power highlighted that its debt-to-equity ratio remained at 0.87, among the lowest in the industry, underlining a stable and healthy capital structure despite challenging market conditions.
On the market front, Reliance Power shares had fallen in the previous session, snapping a brief two-day recovery. Over the past six months, the stock has declined nearly 35%, while it has corrected 26.82% over the past year, indicating sustained selling pressure. Despite recent weakness, the stock’s long-term performance remains impressive. Reliance Power has delivered over 757% returns in the past five years and more than 126% gains over the last three years, rewarding long-term investors handsomely.
The stock touched its 52-week high of ₹76.49 on June 11, 2025, while its 52-week low of ₹26.83 was recorded on January 27, 2026, highlighting the sharp volatility witnessed in recent months. With mixed financial performance and continued market volatility, investors are likely to remain cautious while tracking future earnings visibility, debt management, and project execution updates from the company.