Jaiprakash Power Ventures (PPOWER) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue from operations was ₹1,51,212 lakh and net profit was ₹3,334 lakh; H1 revenue was ₹3,23,615 lakh and net profit ₹50,218 lakh.

• Profit was affected by a ₹511 crore exceptional provision for the NARCL settlement; H1 also included a ₹193.63 crore provision related to proposed coal mine surrenders.

Financial highlights

• Q2 consolidated revenue from operations ₹1,51,212 lakh; profit before exceptional items and tax ₹52,146 lakh; profit before tax ₹1,046 lakh.

• Consolidated net profit was ₹3,334 lakh in Q2 FY27 versus ₹46,884 lakh in Q2 FY26; H1 net profit was ₹50,218 lakh versus ₹46,023 lakh in H1 FY26.

• H1 consolidated revenue from operations was ₹3,23,615 lakh versus ₹3,02,146 lakh in H1 FY26; total expenses were ₹2,24,227 lakh versus ₹2,38,255 lakh.

• Consolidated EPS was ₹0.04 in Q2 FY27 and ₹0.56 for H1 FY27, versus ₹0.52 and ₹0.51 in the comparable periods.

Outlook and guidance

• Power revenue recognition uses MYT tariffs for Jaypee Bina and Jaypee Nigrie for FY25–FY29, subject to true-up; Vishnuprayag revenue uses provisional tariff, also subject to true-up.

• Compensation, if any, for the proposed coal mine surrenders will be recorded when settled or received; final government and lender approvals remain pending.