Jaiprakash Power Ventures reported a profit after tax of ₹489 lakhs for the quarter ended December 31, 2025, compared to a profit of ₹1.82 crores in the previous quarter. Revenue from operations stood at ₹115.56 crores. The company faces ongoing uncertainties related to financial liabilities and legal matters, but management expresses confidence in the recoverability of assets and the resolution of key issues. This reflects a challenging but potentially stabilizing financial picture.
Financial Performance Overview
For the quarter ended December 31, 2025 (Q3 FY26), Jaiprakash Power Ventures showcases a mixed financial landscape:
The company achieved a total revenue from operations of ₹115.56 crores.
Profit after tax reached ₹489 lakhs, showing profitability after accounting for various expenses and tax considerations.
These results reflect resilience amidst a complex financial and operational environment.
Key Financial Data
Revenue from operations: ₹115.56 crores for the quarter. This number reflects the company’s ability to generate income from its core business activities despite market volatility.
Profit Before Tax: ₹198.3 lakhs reflecting an increase from ₹2917.3 lakhs reported for previous quarter.
Net Profit After Tax: ₹489 lakhs for the period, showing ability to achieve profitability despite high financial and operational costs.
Operational Updates and Challenges
Vishnuprayag Hydro Electric Plant (VHEP): Water availability impacts power generation, with higher output in the first half of the financial year.
Regulatory and Tariff Matters: Revenue recognition is based on Multi-Year Tariff (MYT), subject to final assessments.
Legal and Financial Liabilities: Ongoing ICICI Bank petition, corporate guarantees and claims, creating financial uncertainty. Jaiprakash Associates Limited admitted into Corporate Insolvency Resolution Process (CIRP). The outstanding advance of ₹1571 lakhs to JAL are a subject of claims and potential recovery.
Ongoing Disputes and Potential Impacts
Uttar Pradesh Power Corporation Ltd. (UPPCL) Matter: Disputes over income tax and secondary energy charges continue, with potential impacts on revenue.
Sand Mining Activities: Show cause notices from DMG regarding sand mining activities introduce further risk and uncertainty.
Other Developments
SEBI Penalties: The company and its directors face penalties, appealing the decision.
Capital Expenditure: Dispute with a capital good supplier and related Arbitral Tribunal awards.
Source: BSE
