Jaiprakash Power Ventures Limited Earnings Summary — Q1 FY2027
Jaiprakash Power Ventures Reports 68% YoY Growth in Consolidated Net Profit Amidst New Tax Regime Entry
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹1,776 Cr is 12.2% higher year-on-year.
- Revenue has compounded at 7.3% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹469 Cr is 68.6% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at -10.8% annualised across the period.
- Operating margin stands at 42.7% in Q1 FY2027.
- Operating margin expanded by 476 bps year-on-year.
- Over the last two years operating margin has contracted by 228 bps.
- PBT margin is 21.2%.
- Expense growth of 3.6% remained below revenue growth of 12.2%.
- Operating profit of ₹759 Cr is 26.2% higher year-on-year.
- Operating leverage continues to improve.
- 4 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 74/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,776 | 1,386 | 1,156 | 1,438 | 1,583 | 1,341 | 1,140 | 1,226 | 1,755 | 1,515 |
| Expenses | Improving | 1,017 | 1,265 | 982 | 968 | 982 | 952 | 850 | 840 | 965 | 788 |
| Operating Profit | Volatile | 759 | 121 | 174 | 471 | 601 | 388 | 290 | 386 | 790 | 727 |
| Operating Margin | Volatile | 42.7% | 8.8% | 15.0% | 32.7% | 38.0% | 29.0% | 25.4% | 31.5% | 45.0% | 48.0% |
| Other Income | Volatile | -163 | 84 | 56 | 40 | 48 | 26 | 116 | 79 | 24 | 46 |
| Interest | Stable | 102 | 87 | 91 | 100 | 97 | 97 | 97 | 110 | 109 | 109 |
| Depreciation | Stable | 117 | 117 | 119 | 119 | 117 | 116 | 116 | 120 | 118 | 116 |
| Profit Before Tax | Volatile | 377 | 2 | 19 | 292 | 435 | 201 | 193 | 234 | 588 | 548 |
| Tax | Volatile | -92 | 15 | 15 | 110 | 157 | 45 | 66 | 52 | 239 | -41 |
| Net Profit | Volatile | 469 | -13 | 4 | 182 | 278 | 156 | 127 | 183 | 349 | 589 |
| Net Margin | Volatile | 26.4% | -1.0% | 0.3% | 12.7% | 17.6% | 11.6% | 11.1% | 14.9% | 19.9% | 38.9% |
Key Takeaways
- Consolidated Net Profit surged 68.6% YoY to ₹468.84 Crores, significantly bolstered by a one-time deferred tax reversal.
- The company officially opted for the new income tax regime (Section 115BAA) effective FY2025-26, leading to a ₹108.09 Crore net positive tax adjustment this quarter.
- An exceptional loss of ₹193.63 Crores was recorded due to the surrender of Amelia (North) and Bandha North Coal Mines citing financial unviability.
- Power segment revenue grew 12.1% YoY to ₹1,775.70 Crores, benefiting from peak seasonal hydro generation at Vishnuprayag.
- Operating margins improved to 44.27% from 40.64% YoY, driven by higher seasonal generation and improved thermal efficiency.
- Massive contingent liabilities persist, including an ₹8,573 Crore demand notice from the Directorate of Mines & Geology regarding alleged sand mining violations.
- Lenders (led by ICICI Bank) have issued a recompense claim of ₹5,696.51 Crores, which the company is currently challenging.
Management Guidance
Management is focusing on balance sheet repair and has initiated the surrender of unviable coal mine assets to optimize operational costs and regulatory compliance.
Sentiment Shift
Stable
While bottom-line growth is strong, it is heavily skewed by a one-time tax reversal. Operational gains are countered by large exceptional items and massive ongoing legal/contingent liabilities.
Outlook
The outlook is cautious. Seasonal hydro performance remains a tailwind in H1, but the company must navigate significant litigation regarding sand mining and lender recompense claims while completing the exit from non-core coal assets.
From the Annual Report (Key Quotes)
“The Company has opted for the new tax regime under Section 115BAA of the Income Tax Act, 1961, effective from FY 2025-26 and onwards.”
“During the quarter, the Company has initiated steps for surrender of the Amelia (North) and Bandha North Coal Mines due to sustained financial and operational unviability.”
“In the opinion of the management, impact if any [of recompense claims], will not be material, on the state of affairs as same is recoverable under PPAs.”
Official Quarterly Documents
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This summary is AI-generated from Jaiprakash Power Ventures Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.