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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.
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Uber launches hotel bookings feature in partnership with Expedia
From hotel bookings to room service at your door, the ride-hailing giant is making its boldest push yet into everyday life
CALIFORNIA: Uber is done being just a taxi app. At its annual GO-GET product event, the world’s leading mobility and delivery platform unveiled a sweeping set of new features designed to plant itself at the centre of how people travel, eat and shop, hotel bookings included.
The headline move is a partnership with Expedia Group that lets Uber users in the United States book hotels directly within the Uber app, with access to a catalogue that will eventually grow to more than 700,000 properties worldwide. Uber One members get 10 per cent back in Uber One credits on all hotel bookings and savings of at least 20 per cent on a rolling list of more than 10,000 hotels globally. Vacation rentals from Vrbo, Expedia Group’s home-rental brand, will be added later this year. The partnership is expected to expand beyond the United States. From June, Uber rides will also be integrated directly into the Expedia app, with push notifications sent to travellers ahead of hotel check-in to book discounted Uber rides for the duration of their stay.
Dara Khosrowshahi, chief executive of Uber, framed the expansion in terms of the modern condition. “Uber is becoming an app for everything, helping people go, get, and now travel all in one place,” he said. “We’re all living through a moment of real cognitive overload: too many apps, too many decisions, too much noise. At the end of the day, our job is to help people reclaim their time, spending less of it managing the logistics of life and more of it actually living.”
Ariane Gorin, chief executive of Expedia Group, struck a similarly ambitious note. “Travel should feel effortless, and this partnership gets us one step closer to offering a seamless traveller experience,” she said. “By connecting our two-sided marketplace with Uber, we’re bringing Uber rides directly into the Expedia app and Expedia Group’s lodging inventory into the Uber app through our Rapid API technology. Together, we’re helping travellers spend less time planning and more time enjoying the journey.”
Beyond hotels, the product announcements come thick and fast. Travel Mode, available within both the Uber and Uber Eats apps, offers curated recommendations on local favourites, tourist destinations, OpenTable restaurant reservations and on-demand delivery to hotel rooms. Uber One International means the membership programme now works globally, allowing members to earn credits on rides abroad that can be redeemed once back home. A new Shop for Me feature lets users request items from any store, even those not listed on the app. Eats for the Way allows riders in select cities booking an Uber Black or Uber Black SUV to have a drink or snack waiting for them in the car. Voice Bookings, powered by artificial intelligence, lets users book a ride conversationally, without touching their phone. And a redesigned One Search bar consolidates results for places, food and items across the entire Uber platform in a single query.
Uber has now logged more than 72 billion trips since it launched in 2010. The question it is now answering is what comes after the ride. The answer, apparently, is everything else. Whether users want a hotel in Paris, a coffee in the back of a car or a snake plant from the local garden centre, Uber would very much like to be the one to provide it. The app economy’s land grab has a new front-runner.
NOTE: The image used is AI generated and only for representational purposes.
