Reliance Power Board Approves Q3 FY26 Results; Appoints Senior Management
Reliance Power reported its Q3 FY26 results, with a consolidated loss of ₹2.51 crore for the quarter. The company appointed Shri Sudhakar Tandon as Business Head and Shri Abhimanyu Das as Regulatory/Legal Head. Several subsidiaries face going concern uncertainties, and the ED is investigating a fake bank guarantee matter.
The appointment of senior management personnel is a significant event for the company's operations and strategic direction. The financial results, despite the loss, are a key piece of information for investors. The ongoing legal and financial challenges also add to the potential impact on the company's future.
The appointment of senior management personnel is a neutral event. While the financial results show a loss for the quarter, the appointment of new personnel is a routine management change. The ongoing legal and financial challenges introduce a negative undertone, but the core announcement of results and appointments is neutral.
Reliance Power Limited announced the outcome of its Board Meeting held on January 30, 2026. The Board approved the Unaudited Financial Results for the quarter and nine months ended December 31, 2025, along with the Limited Review Reports from the Statutory Auditors.
During the meeting, Shri Sudhakar Tandon and Shri Abhimanyu Das were appointed as Senior Management Personnel of the Company with immediate effect. Shri Tandon brings over 37 years of experience in the power sector, focusing on P&L management, operations, and business development. Shri Das has approximately 18 years of experience in business development, regulatory affairs, and project management within the power sector.
The financial results indicate a consolidated loss after tax of ₹2.51 crore for the quarter ended December 31, 2025, compared to a profit of ₹4.19 crore in the same quarter last year. For the nine months ended December 31, 2025, the consolidated loss after tax was ₹15.71 crore, compared to a profit of ₹2.82 crore in the corresponding period of the previous year. The standalone results also show a loss after tax of ₹0.67 crore for the quarter and a profit of ₹5.96 crore for the nine months ended December 31, 2025.
The company's financial statements highlight material uncertainties regarding the ability of subsidiaries like Rajasthan Sun Technique Energy Private Limited (RSTEPL) and Samalkot Power Limited (SMPL) to continue as going concerns due to ongoing legal and financial challenges. Additionally, the Enforcement Directorate (ED) has filed a Supplementary Prosecution Complaint against the company and its subsidiaries in connection with a fake bank guarantee matter, and has provisionally attached certain assets.
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Reliance Power Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Reliance Power Limited. Read the original for the full detail.