Brands
Reliance Infra powers up with Rs 1,911 crore profit in Q2 comeback
MUMBAI: Reliance Infrastructure Limited (RInfra) is back in the green and in style. The company has lit up its books with a consolidated net profit of Rs 1,911.19 crore for the quarter ended September 30, 2025, marking a major comeback from the turbulence of recent quarters. The results reflect renewed momentum across the company’s power, engineering, and infrastructure verticals.
The company’s total income for Q2FY26 stood at Rs 6,309.48 crore, compared to Rs 7,345.96 crore in the same quarter last year, reflecting a strategic recalibration of operations amid a softer power purchase environment. Sequentially, income showed stability, aided by a recovery in project execution and disciplined cost management.
The highlight, however, came in profitability. Profit before tax soared to Rs 2,546.47 crore, sharply higher than Rs 287.29 crore in the previous quarter, buoyed by exceptional gains of Rs 1,508.95 crore and regulatory income of Rs 719 crore. The half-year figure stood at Rs 2,833.77 crore, compared to Rs 3,449.16 crore a year ago.
The bottom line was boosted by cost optimisation, with total expenses at Rs 5,991.49 crore, down from Rs 6,450.38 crore a year earlier. Employee costs remained steady at Rs 299.43 crore, while finance costs moderated to Rs 444.14 crore from Rs 472.28 crore. Depreciation expenses stood at Rs 367.83 crore, reflecting stable asset utilisation.
On a half-yearly basis, RInfra reported revenue from operations of Rs 12,142.73 crore, compared to Rs 14,451.32 crore in H1FY25, while net profit for H1FY26 stood at Rs 1,971.04 crore, up from Rs 1,848.79 crore in the same period last year. The company’s total comprehensive income for the quarter was an impressive Rs 2,572.68 crore.
Segment-wise, the power business remained the dominant contributor, generating Rs 6,434.24 crore in revenue and Rs 1,943.51 crore in segment profit. The infrastructure segment followed with Rs 351.58 crore in revenue and Rs 17.28 crore in profit, while the engineering and construction business clocked Rs 61.25 crore in revenue.
Reliance Infrastructure’s balance sheet remained robust, with total assets standing at Rs 69,708.76 crore as of September 30, 2025, compared to Rs 65,840.87 crore at the end of FY25. Total equity attributable to shareholders rose to Rs 16,909.89 crore, reflecting improved performance across subsidiaries and associates.
The company’s earnings per share (EPS) jumped to Rs 47.37 (basic) from Rs 1.50 in the previous quarter, demonstrating the impact of both operational recovery and one-time gains.
Non-controlling interest, which represents profits from RInfra’s subsidiaries, contributed Rs 664.11 crore in Q2, further bolstering the consolidated performance. The company’s share of profit from associates and joint ventures stood at Rs 22.21 crore.
On the operations front, RInfra continues to strengthen its foothold across power generation, transmission, and EPC (engineering, procurement, and construction) projects. The power segment alone contributed nearly 93 per cent of quarterly revenue, underscoring its pivotal role in the company’s turnaround.
The exceptional item of Rs 1,508.95 crore was primarily linked to recoveries and regulatory adjustments, as noted in the auditor’s observations. Despite the one-offs, the underlying performance points to stabilisation in key business verticals.
RInfra’s cash and cash equivalents stood at Rs 2,369.37 crore, with total current assets of Rs 7,293.10 crore. Borrowings continued to ease, with long-term debt declining in line with deleveraging efforts.
As India’s infrastructure and power sectors gain renewed policy thrust, Reliance Infrastructure appears well-positioned to harness the momentum. The company’s strategic focus on regulatory recoveries, disciplined execution, and asset-light growth has begun to show tangible results.
For shareholders, the numbers mark a return to form. For RInfra, they signal something bigger, a grid finally back to full power.
Brands
Thermocool rolls out Navratri campaign on trains and stations
Nine day digital push blends devotion and storytelling for travellers
NEW DELHI: Thermocool Home Appliances has launched a high-visibility digital campaign during Navratri, turning railway stations and trains into storytelling spaces that blend culture with brand engagement.
The nine-day campaign spans key high-footfall locations including Katra, Anand Vihar, Gorakhpur, Prayagraj and Moradabad, along with the Vande Bharat Express on the Delhi-Katra route. Travellers encounter the campaign across station screens, concourses and onboard infotainment systems, making it hard to miss.
What sets the initiative apart is its narrative approach. Each day of Navratri is dedicated to one of the nine forms of Goddess Durga, with digital content explaining the significance and stories behind each day. The result is a campaign that does more than advertise, it informs and engages passengers in the middle of their journeys.
For director of sales and marketing Tanuj Gupta, the idea was to go beyond visibility. He noted that while Navratri is widely celebrated, awareness of its deeper meaning is often limited, and the campaign aims to bridge that gap in a simple and accessible way.
By tapping into high-traffic transit spaces, Thermocool is placing its message where audiences naturally gather, from busy platforms to train compartments. The repeated exposure across these touchpoints is designed to build familiarity while creating a more meaningful connection with consumers.
In a season marked by devotion and festivity, the campaign finds a clever middle ground. It turns everyday travel into a cultural moment, where storytelling travels alongside the passenger.
