Audited Finacial Results for the quarter and financial year ended on 31st march 2026 together with modified auditors report and statement of impact.
JPPOWER · price
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Jaiprakash Power Ventures reported FY26 revenue of Rs 5,56,346 Lakhs vs Rs 5,46,219 Lakhs in FY25, a marginal increase of 1.9%. Net profit declined significantly to Rs 44,152 Lakhs from Rs 81,073 Lakhs (down 45.5%). Q4 FY26 saw a loss of Rs 806 Lakhs before tax vs profit of Rs 20,069 Lakhs in Q4 FY25. Auditors (Lodha & Co. LLP) issued a qualified opinion on both standalone and consolidated results citing non-compliance with Ind AS 113 for fair valuation of corporate guarantee of USD 1,500 Lakhs (Rs 123,915 Lakhs) provided to Jaiprakash Associates Limited (JAL), which is under CIRP. NARCL has filed an application for CIRP against the company under Section 7 of IBC regarding this guarantee. Additionally, Andhra Pradesh DMG has issued show cause notices totaling Rs 855,704 Lakhs (disputed), and UPPCL recovery claim of Rs 47,148 Lakhs remains pending.
The qualified auditor opinion and CIRP filing against the company by NARCL represent significant concerns. The corporate guarantee exposure of Rs 123,915 Lakhs and multiple legal disputes create material uncertainty about the company's financial position and going concern status.