Reliance Power’s consolidated profit after tax fell 65 per cent year-on-year to ₹30.1 crore in the second quarter of FY27, while revenue from operations declined 7 per cent to ₹1,830 crore, as loan prepayment charges and financial stress at two subsidiaries weighed on the power-generation company’s results.
The company, part of the Anil Ambani Group, reported that Rosa Power Supply Company Ltd (RPSCL), its wholly owned subsidiary, incurred loan prepayment charges of ₹25.32 crore during the quarter ended September 30, 2026. Reliance Power classified the charge as an exceptional item in its consolidated financial statements.
The company operates in a single segment — power generation. Its results also flagged continuing financial difficulties at Rajasthan Sun Technique Energy Pvt Ltd (RSTEPL), which has reported sustained losses after a technology failure at its solar project and defaulted on lender repayments.
Reliance Power said efforts were under way to improve RSTEPL’s operations and resolve its debt position. A compensation order in favour of the subsidiary remains under challenge in the Supreme Court, according to the company’s quarterly disclosures.
Samalkot Power Ltd (SMPL), another subsidiary, is also facing financial stress. A lender has invoked a ₹1,892-crore guarantee from the parent company and initiated insolvency proceedings against Reliance Power. SMPL is pursuing a proposed sale of project equipment to address its dues, subject to lender approval.
The disclosures place the company’s power assets and financing arrangements under continued scrutiny. Reliance Power acknowledged material uncertainty over the group’s ability to continue as a going concern because of the financial position of RSTEPL and SMPL. The company said it expects to meet its liabilities through operating cash flows and time-bound monetisation of assets.
In a separate regulatory filing, Reliance Power appointed Rajendra Vishwanath Pawar as chief financial officer with immediate effect. Neeraj Parakh, executive director and chief executive officer, stepped down as interim CFO following the appointment.
The company also reported developments involving Dhursar Solar Power Pvt Ltd, which expects to recover outstanding receivables from Reliance Infrastructure and has ruled out asset impairment. Its auditors, however, qualified the review.
Reliance Power’s shares closed 0.21 per cent lower at ₹19.29 on the BSE. The company’s stated next steps include improving the operations of RSTEPL, pursuing resolution of subsidiary debt, obtaining lender approval for SMPL’s proposed equipment sale and monetising assets to meet liabilities.
