Reliance Power’s consolidated net profit dropped 65% to Rs 30.10 crore in the September quarter, while total income declined to Rs 1,889.87 crore. The company also announced a change in its finance leadership.

Reliance Power reported a sharp decline in profitability for the second quarter of FY27, with consolidated net profit falling to Rs 30.10 crore from Rs 87.32 crore in the corresponding quarter last year.

The results, announced on Thursday, November 12, showed a year-on-year reduction of Rs 57.22 crore in net profit for the quarter ended September 30, 2026.

The fall in profits was far more than that in the income. The net income of Reliance Power came down from Rs 2,067.10 crore last year to Rs 1,889.87 crore, registering a fall of Rs 177.23 crore or 8.6%.

Reliance Power Announces CFO Change

Along with the release of its financial performance for the quarter, Reliance Power declared the appointment of Rajendra Vishwanath Pawar as its Chief Financial Officer with effect from immediately.

Post his appointment, Neeraj Parakh relinquished his additional position of Interim Chief Financial Officer with effect from immediately.

Parakh continues to be identified as the company’s Executive Director and Chief Executive Officer. The announced resignation relates specifically to his interim CFO position.

The leadership change comes as Reliance Power reports a substantial year-on-year contraction in quarterly earnings. While profit declined by around 65%, the comparatively smaller fall in total income highlights the difference between the company’s income and bottom-line performance during the period.

The latest results place both the earnings decline and the immediate transition in financial leadership at the centre of Reliance Power’s second-quarter developments.

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