Last week, the company received Show Cause Notices from the Securities and Exchange Board of India (SEBI) related to matters concerning CLE Private Limited. The issue stems from past exposures and disclosures regarding CLE. The company denied any ongoing financial ties, though regulatory scrutiny has drawn market attention, especially as the notices came months after settlements and clarifications were already recorded.
Q1 Performance Snapshot
Anil Ambani-led Reliance Power reported a consolidated net profit of Rs 44.68 crore for Q1 FY26, a turnaround from a loss of Rs 97.85 crore in the same quarter last year.Revenue from operations fell 5.3% year-on-year to Rs 1,885.58 crore, down from Rs 1,992.23 crore in Q1 FY25, and declined 4.7% sequentially from Rs 1,978.01 crore in Q4 FY25. Total income in Q1 FY26 stood at Rs 2,025 crore, reflecting a 2% decline from Rs 2,069 crore a year earlier.
Despite the year-on-year profit recovery, net profit fell 64% quarter-on-quarter, compared with Rs 125.57 crore in the March quarter.
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Reliance Power shares have gained over 3% in one month but declined more than 25% in three months. The smallcap stock has risen 21% in six months and 8% so far this year. Over two years, the stock has delivered multibagger returns of 171% and an impressive 1,657% in five years.At about 10:40 am, shares of the company were trading at Rs 48.33, higher by 8.73% from the last close on the NSE.
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