Reliance Power:  the power generation company led by Anil Ambani, has officially announced the schedule for declaring its financial results for the third quarter of the financial year 2025–26. The information was shared with stock exchanges through a regulatory filing, providing clarity to investors who have been closely tracking the company’s recent financial performance and stock price movements.

Board Meeting Scheduled for Q3 FY26 Results

According to the exchange filing, the Board of Directors of Reliance Power will meet on January 30, 2026. During this meeting, the board will consider and approve the unaudited financial results for both standalone and consolidated accounts. These results will cover the quarter as well as the nine-month period ending December 31, 2025. This announcement has drawn attention from market participants, especially given the heightened volatility in the company’s share price over the past few months.

Expected Timing of Results Announcement

Reliance Power had released its second-quarter FY26 earnings on November 10, 2025, at around 9:40 pm. Based on this pattern, market watchers expect the Q3 FY26 results to be announced at a similar time on January 30, 2026. Investors are keen to see whether the company can sustain profitability amid regulatory scrutiny and financial challenges.

Review of Previous Quarterly Performance

In the September 2025 quarter, Reliance Power reported a net profit of Rs 87 crore, marking a sharp turnaround compared to the Rs 352 crore loss recorded in the same quarter of FY25. The company’s total income for the quarter rose to Rs 2,067 crore, compared to Rs 1,963 crore in the corresponding period last year. This improvement had initially boosted investor confidence, although concerns around debt levels and governance issues have since overshadowed the positive numbers.

Recent Share Price Movement

On the Bombay Stock Exchange, shares of Reliance Power closed at Rs 28.32 on Friday, declining by Rs 1.65 or 5.51 percent from the previous close of Rs 29.97. The stock has been under sustained pressure after hitting a multi-year high of Rs 76.49 on June 11, 2025. Since that peak, the share price has lost more than 60 percent of its value. The selling pressure has intensified recently, with the stock falling over 16 percent in the last month and nearly 10 percent in just the last five trading sessions.

Impact of SEBI Forensic Audit

On January 16, 2026, Reliance Power informed exchanges that the Securities and Exchange Board of India had initiated a forensic audit into the company. The probe reportedly relates to alleged violations of provisions under the SEBI Act and the Companies Act. This development triggered anxiety among institutional investors and contributed to the sharp decline in the stock price, despite the company’s improved quarterly profitability.

Financial Health and Long-Term Perspective

While the company posted a significant jump in net profit for the September 2025 quarter, it continues to face structural challenges. Reliance Power currently has a high Debt-to-EBITDA ratio of 9.83x, indicating elevated leverage. Additionally, its long-term operating profit growth remains modest, which raises questions about sustainability in a capital-intensive sector like power generation.

However, the picture looks different for long-term investors. In January 2021, Reliance Power shares were trading at around Rs 3.40. Even at the current price range of approximately Rs 29 to Rs 30, the stock has delivered returns of nearly 770 percent over a five-year period. This highlights the sharp contrast between short-term volatility and long-term wealth creation for early investors.

What Investors Will Watch Next

As the Q3 FY26 results date approaches, investors will closely monitor revenue trends, debt reduction efforts, and management commentary on regulatory issues. The outcome of the forensic audit and the company’s ability to improve its balance sheet are likely to play a crucial role in determining future stock performance.