Shares of Reliance Infrastructure Ltd (NSE: RELINFRA) rose nearly 2 percent in Tuesday’s trading session, climbing to Rs. 119.74, compared to the previous close of Rs. 116.79. Despite the intraday uptick, the stock has fallen sharply by Rs. 155.35 or 56.50 percent over the past six months, reflecting sustained selling pressure. With a market capitalisation of Rs. 5,150.80 crore, Reliance Infrastructure is currently trading nearly 70 percent below its 52-week high of Rs. 425. However, on a longer-term basis, the stock has delivered strong returns of up to 277.40 percent over the past five years, indicating substantial wealth creation for long-term investors. The stock has witnessed heightened volatility in recent weeks, keeping it firmly on traders’ radar. Notably, Reliance Infrastructure hit back-to-back 5 percent upper circuits on February 2 and 3, driven by optimism surrounding the recently announced India–US trade deal, which boosted broader market sentiment.
In its Q3FY26 results, Reliance Infrastructure reported a consolidated net profit of Rs. 11.2 crore, marking a sharp turnaround from a loss of Rs. 3,298 crore in the same quarter last year. However, operating performance remained under pressure, with revenue declining 14.6 percent year-on-year to Rs. 4,297 crore, while EBITDA fell 52 percent to Rs. 429 crore.
The EBITDA margin narrowed sharply to 10 percent from 17.8 percent, reflecting persistent cost pressures and operational challenges. For the September quarter (Q2FY26), the company posted a 50 percent decline in consolidated net profit to Rs. 1,911.19 crore, compared with Rs. 4,082.53 crore in the year-ago period. Total income slipped to Rs. 6,309.48 crore from Rs. 7,345.96 crore, highlighting continued weakness in business conditions. While the recent price action suggests early signs of recovery, analysts remain cautious due to ongoing operational challenges, volatile earnings, and broader sector headwinds.