Despite this recent surge, the stock has remained in the negative territory for the past month, down nearly 20%. The company commands a market capitalisation of over Rs 7,000 crore. Its 52-week range stretches from a high of Rs 425, leaving the stock still about 60% below its yearly peak.
Reliance Infrastructure is currently trading at notably depressed valuations, with a P/E of 2.11 and a P/B of 0.26. While such low multiples can point to an undervalued opportunity, they may also signal lingering concerns about the company’s underlying fundamentals.
Q2 performance snapshot
In Q2FY26, Reliance Infrastructure Ltd reported a total income of Rs 6,309.48 crore, marking a 4.5% sequential increase from Rs 6,035.59 crore in Q1FY26. However, on a year-on-year basis, income declined 14.1% compared to Rs 7,345.96 crore in Q2FY25.
Profit after tax stood at Rs 2,575.30 crore, surging 743.1% QoQ from Rs 305.45 crore, but falling 38.6% YoY from Rs 4,194.63 crore. The company’s EPS for the quarter came in at Rs 45.27, reflecting a sharp rebound from Rs 2.12 in Q1FY26, though still lower than the Rs 103.06 posted a year earlier.Shareholding patternThe promoters maintained their stake at 19.05% in the September 2025 quarter, indicating no change in their ownership position. Mutual fund holdings increased from 0.29% to 0.35% during the same quarter. This slight rise suggests that domestic institutional investors have shown a bit more confidence in the stock.
Foreign Institutional Investors (FII/FPI) reduced their stake significantly, dropping from 10.26% to 7.07%. This indicates a notable pullback from foreign investors, which can sometimes reflect broader concerns about the company or market sentiment.
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