Reliance Infrastructure Ltd (RInfra) reported a significant decline in its net profit for the fourth quarter, ending March 2026, with figures falling to Rs 918 crore from Rs 4,387.08 crore in the same period last year. The company also announced the appointment of Vijesh Babu Thota as its new Chief Executive Officer, effective May 23.
The company's total income during the January-March period decreased to Rs 4,154.34 crore, compared to Rs 4,268.05 crore in the fourth quarter of the previous fiscal year. Meanwhile, expenses rose to Rs 5,419.87 crore from Rs 4,827.97 crore in the corresponding quarter of FY25.
A significant contributor to the increased expenses was the cost of power purchased, which surged to Rs 3,285.68 crore from Rs 2,739.62 crore in the same quarter of the previous year. For the entire fiscal year 2026, RInfra's net profit fell to Rs 2,900.23 crore from Rs 4,937.52 crore in FY25.
Annual income also saw a decline, dropping to Rs 20,862.03 crore in FY26 from Rs 23,999.29 crore in the preceding fiscal year. Alongside the leadership change, the company has appointed Asheesh Chaturvedi as the new Chief Financial Officer.
Reliance Infrastructure is a major player in the infrastructure sector, with projects spanning power, roads, metro rail, and defense. The leadership changes come at a crucial time as the company navigates financial challenges.
Background
Reliance Infrastructure's financial performance has been under pressure due to rising expenses and declining income, particularly in the power sector. The company's strategic leadership changes aim to address these challenges and drive future growth.
Looking ahead, stakeholders will be keenly observing how the new leadership under Vijesh Babu Thota will address the financial downturn and steer the company towards growth. The focus will be on strategic initiatives to enhance profitability and stabilize income streams.
