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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PVV Infra's board approved two large solar power projects in Uttar Pradesh via its subsidiaries: a 100 MW PPA with UPNEDA through PVV EVTech (JV with NACOF OORJA, ~₹384 Cr project cost, ~₹53 Cr annual revenue for 25 years) and a 109 MW EPC contract through PVV Housing (~₹415 Cr value). The board also approved a strategic shift into the renewable energy sector using Special Purpose Vehicles (SPVs). For Q2 FY26 (standalone/consolidated), revenue surged to ₹1,093.22 lakhs from ₹353.11 lakhs in Q2 FY25 (~210% YoY growth), with PAT jumping to ₹211.44 lakhs from just ₹1.54 lakhs. However, H1 FY26 revenue fell to ₹1,875.81 lakhs from ₹2,491.63 lakhs in H1 FY25 (~25% decline), and PAT declined to ₹285.32 lakhs from ₹483.61 lakhs. The auditor (SMV & Co.) issued an unmodified limited review report.
The new solar projects (totalling ~₹800 Cr) represent a significant scale-up but execution risk is high given the company's small current revenue base (₹18.76 Cr H1 FY26). Strong Q2 numbers driven by infrastructure segment provide short-term momentum, but the H1 YoY decline and the fact that solar/Evtech segments generated zero revenue yet warrant caution. Stock could see positive sentiment on the large order pipeline announcement.