Reliance Infrastructure share price: Shares of Reliance Infrastructure (RInfra) were locked in the 5% lower circuit band at ₹64.08 apiece on the NSE on Monday, May 25. The stock was under pressure following the company’s March quarter results announcement.
The company has reported a sharp decline in consolidated net profit at ₹918.07 crore for the March quarter of FY26 (Q4 FY26), citing higher expenses.
RInfra had reported a net profit of ₹4,387.08 crore in the same quarter a year ago, Reliance Infrastructure said in an exchange filing on Friday.
During the latest January-March period, the company’s total income fell to ₹4,154.34 crore from ₹4,268.05 crore recorded in the fourth quarter of the preceding 2024-25 financial year.
Expenses, which include multiple components, increased to ₹5,419.87 crore in the reporting period from ₹4,827.97 crore logged in the corresponding quarter of FY25.
The cost of power purchased during the said quarter increased to ₹3,285.68 crore from ₹2,739.62 crore in the January-March period of 2024-25.
FY26 financials
For the entire FY26, the net profit dipped to ₹2,900.23 crore from ₹4,937.52 crore recorded in FY25.
The annual income came down to ₹20,862.03 crore in FY26 from ₹23,999.29 crore seen in the preceding fiscal.
Meanwhile, the company has announced the appointment of Vijesh Babu Thota as the Chief Executive Officer (CEO), effective May 23. Thota was the company’s Chief Financial Officer (CFO).
The company has approved the appointment of Asheesh Chaturvedi as the new CFO.
About Reliance Infrastructure
Part of the Reliance Group led by Anil Ambani, Reliance Infrastructure is engaged in the business of engineering and construction services for power generation, road, metro, and other infrastructure sectors.
The company is engaged in the implementation, operation, and maintenance of infrastructure and the defence sector through its special-purpose vehicles.
Reliance Infrastructure was incorporated in 1929 as Bombay Suburban Electric Supply Ltd and later renamed BSES Ltd. The company has implemented metro rail projects, including the Mumbai Metro line, on a build, own, operate, and transfer basis.
Business operations
Reliance Infrastructure Limited’s business can be broadly categorised into four segments – energy, infrastructure, engineering and construction, and defence.