DPSC Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
DPSCLTD · price
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India Power Corporation Limited (formerly DPSC Limited) has filed audited financial results for Q4 and FY ended March 31, 2026. The company reported standalone revenue of Rs 64,702 lakhs (up 7.9% YoY) but a net loss of Rs 22,976 lakhs primarily due to a Rs 24,531 lakh exceptional loss from the slump sale of its non-regulated business in June 2025. Separately, NCLT Hyderabad Bench admitted the company's CIRP application on May 15, 2026, after a petition by a financial creditor of Meenakshi Energy Limited (where DPSC had given a corporate guarantee). The company's board stands suspended, and an Interim Resolution Professional has been appointed. State Bank of India has filed a claim of Rs 50,048 lakhs. The auditors issued qualified opinions citing uncertainties around electricity duty dues of Rs 19,201 lakhs, receivables from Power Trust of Rs 19,970 lakhs, and loans of Rs 3,541 lakhs under arbitration. No dividend has been recommended for FY 2025-26.
The NCLT admission marks a critical deterioration in the company's financial health. Existing shareholders face extreme risk as the stock is likely to be delisted or restructured under the resolution process. Creditors will recover amounts through the formal insolvency mechanism, but equity holders are likely to receive little to no value.