Jaiprakash Power Ventures (PPOWER) Q3 25/26 earnings summary

Executive summary

• Consolidated revenue from operations for the nine months ended 31st December 2025 was Rs. 4,32,082 lakhs, with net profit after tax at Rs. 46,400 lakhs, showing strong year-over-year growth.

• Segment-wise, power remains the dominant contributor, with coal and sand mining also providing significant revenue.

• The Board and Audit Committee reviewed and approved the results on 4th February 2026.

Financial highlights

• For the quarter ended 31st December 2025, consolidated revenue was Rs. 1,21,145 lakhs and net profit after tax was Rs. 18,210 lakhs.

• EBITDA for the nine months was Rs. 1,38,944 lakhs, with profit before tax at Rs. 74,544 lakhs.

• Earnings per share (basic and diluted) for the nine months stood at Rs. 0.73.

• Fair valuation gain on long-term investment in Trust was Rs. 9,978 lakhs for the nine months.

Outlook and guidance

• Revenue for Jaypee Bina TPP and Jaypee Nigrie STPP is based on Multi Year Tariff (MYT) for 2024-29, subject to true-up.

• Management expects no material impact from ongoing legal and regulatory matters, with provisions deemed unnecessary at this stage.