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- Q2 FY27 results
Viviana Power Tech Q2 FY27 results: net profit ₹18.45 crore, revenue up 108.6%
Viviana Power Tech Limited reported consolidated revenue of ₹189.07 crore in Q2 FY27, up 108.6% from Q2 FY26, while EBITDA rose 58.7% to ₹27.69 crore. Net profit was ₹18.45 crore and basic EPS was ₹18.12, though the EBITDA margin declined 4.7 percentage points to 14.6%.
Key points
- Consolidated revenue was ₹189.07 crore in Q2 FY27, up ₹98.44 crore or 108.6% from Q2 FY26.
- EBITDA was ₹27.69 crore, up ₹10.24 crore or 58.7% year on year, while the margin fell 4.7 percentage points to 14.6%.
- Net profit was ₹18.45 crore and basic EPS was ₹18.12, up ₹2.98 or 19.7% from Q2 FY26.
- Against Q1 FY27, revenue rose ₹116.68 crore to ₹189.07 crore and net profit rose ₹12.44 crore to ₹18.45 crore.
- The board approved raising funds of up to ₹150 crore through a rights issue, subject to regulatory and statutory approvals.
How did Viviana Power Tech perform in Q2 FY27?
Viviana Power Tech reported consolidated revenue of ₹189.07 crore in Q2 FY27, against ₹90.63 crore in Q2 FY26 and ₹72.39 crore in Q1 FY27. The increases were ₹98.44 crore and ₹116.68 crore, respectively. Total income was ₹195.36 crore, up 114.3% year on year and ₹122.05 crore from the previous quarter.
Consolidated EBITDA was ₹27.69 crore in Q2 FY27, up ₹10.24 crore from Q2 FY26 and ₹16.32 crore from Q1 FY27. The EBITDA margin was 14.6%, down 4.7 percentage points year on year and 1.1 percentage points sequentially. Profit before tax was ₹25.42 crore, against ₹13.36 crore a year earlier and ₹8.32 crore in Q1 FY27.
The company reported a net profit of ₹18.45 crore for Q2 FY27 and basic EPS of ₹18.12. Net profit was ₹6.01 crore in Q1 FY27, while the year-ago quarterly net profit was not provided. On the standalone basis, revenue was ₹189.07 crore and profit after tax was ₹18.61 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 189.07 | 72.39 | 90.63 | +108.6% | +161.2% |
| Other income | 6.29 | 0.92 | 0.52 | +1109.6% | +583.7% |
| Total expenses | 169.94 | 64.99 | 77.79 | +118.5% | +161.5% |
| EBITDA | 27.69 | 11.37 | 17.45 | +58.7% | +143.5% |
| EBITDA margin | 14.6% | 15.7% | 19.3% | −4.7 pp | −1.1 pp |
| Profit before tax | 25.42 | 8.32 | 13.36 | +90.3% | +205.5% |
| Tax | 6.97 | 2.31 | 3.83 | +82.0% | +201.7% |
| Net profit | 18.45 | 6.01 | +207.0% | ||
| EPS (₹) | 18.12 | 5.94 | 15.14 | +19.7% | +205.1% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Viviana Power Tech's costs and profit?
Cost of materials was ₹140.69 crore in Q2 FY27, up ₹114.08 crore or 428.7% from ₹26.61 crore in Q2 FY26. Employee cost rose ₹2.12 crore to ₹4.55 crore, finance costs increased ₹3.64 crore to ₹8.25 crore, and other expenses fell ₹27.76 crore to ₹16.14 crore. Total expenses rose ₹92.15 crore to ₹169.94 crore.
Other income increased ₹5.77 crore to ₹6.29 crore from ₹0.52 crore in Q2 FY26. Tax expense was ₹6.97 crore, up ₹3.14 crore or 82.0% from ₹3.83 crore. There was no exceptional item in either Q2 FY27 or Q2 FY26, and the filing did not state a reason for the changes in the cost lines.
Against Q1 FY27, cost of materials rose ₹89.80 crore to ₹140.69 crore, finance costs increased ₹4.46 crore to ₹8.25 crore and other expenses rose ₹8.26 crore to ₹16.14 crore. Other income increased ₹5.37 crore to ₹6.29 crore, while tax expense rose ₹4.66 crore to ₹6.97 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 140.69 | 26.61 | +114.08 | +428.7% |
| Employee cost | 4.55 | 2.43 | +2.12 | +87.2% |
| Finance costs | 8.25 | 4.61 | +3.64 | +79.0% |
| Other expenses | 16.14 | 43.90 | −27.76 | −63.2% |
| Total expenses | 169.94 | 77.79 | +92.15 | +118.5% |
| Other income | 6.29 | 0.52 | +5.77 | +1109.6% |
| Tax | 6.97 | 3.83 | +3.14 | +82.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets fell from ₹622.24 crore at 31 March 2026 to ₹515.66 crore at 30 September 2026. Total equity rose from ₹116.19 crore to ₹132.63 crore, while borrowings increased from ₹99.98 crore to ₹127.39 crore and cash declined from ₹1.63 crore to ₹0.18 crore.
Trade receivables fell from ₹388.69 crore to ₹156.43 crore, inventories declined from ₹14.43 crore to ₹11.36 crore and trade payables decreased from ₹215.28 crore to ₹109.32 crore. In H1 FY27, operating cash flow was negative ₹7.24 crore, compared with negative ₹11.96 crore in H1 FY26.
Investing cash flow was negative ₹11.67 crore in H1 FY27, against negative ₹6.72 crore in H1 FY26, while financing cash flow was positive ₹17.46 crore, compared with positive ₹18.42 crore. Capital expenditure was ₹3.01 crore, up from ₹0.74 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 515.66 | 622.24 |
| Total equity | 132.63 | 116.19 |
| Borrowings | 127.39 | 99.98 |
| Cash and equivalents | 0.18 | 1.63 |
| Inventories | 11.36 | 14.43 |
| Trade receivables | 156.43 | 388.69 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −7.24 | −11.96 |
| Cash from investing | −11.67 | −6.72 |
| Cash from financing | 17.46 | 18.42 |
| Capital expenditure | 3.01 | 0.74 |
Source: Company's results filing (XBRL).
How has Viviana Power Tech done over the last 7 quarters?
Viviana Power Tech’s quarterly revenue rose year on year in each of the last three quarters. Revenue peaked at ₹440.62 crore in Q4 FY26 and was ₹189.07 crore in Q2 FY27, above ₹72.39 crore in Q1 FY27 but below the Q4 FY26 peak.
The EBITDA margin reached 20.0% in Q1 FY26 and was 14.6% in Q2 FY27. Reported profit was highest at ₹43.93 crore in Q4 FY26, while Q2 FY27 profit was ₹18.45 crore, up from ₹6.01 crore in Q1 FY27.
Which businesses drove the quarter?
The reported erection, installation of T&D lines, and maintenance of power stations segment generated ₹189.07 crore of revenue and reported EBIT of ₹33.69 crore, with an EBIT margin of 17.8%. No year-ago revenue or EBIT figures were provided for this segment.
Manufacturing of Transformers reported no revenue and EBIT of negative ₹0.12 crore. Segment revenue growth against the year-ago quarter was not provided.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Erection, Installation of T&D lines, and maintenace of power stations | 189.07 | 33.69 | 17.8% | |
| Manufacturing of Transformers | 0 | −0.12 |
Source: Company's results filing (XBRL segment data).
How did Viviana Power Tech shares react?
The filing was released after market hours, and the stock fell 2.6% after five minutes, 0.6% after 15 minutes and 4.1% after 30 minutes. On the reaction day, it closed 5.7% below the previous close. By the next day’s close, it was down 3.8% from the pre-results close.
The Civil Construction industry’s median stock move was negative 0.1% on the reaction day and positive 1.9% by the next day’s close. Viviana Power Tech underperformed the industry by 5.6 percentage points on the reaction day and 5.7 percentage points by the next day’s close. Earlier reaction-day moves were positive 17.6% on 25 May 2026 and negative 5.0% on 9 August 2025.
| After the filing | Stock | Civil Construction median |
|---|---|---|
| 5 minutes | −2.6% | |
| 15 minutes | −0.6% | |
| 30 minutes | −4.1% | |
| Reaction day | −5.7% | −0.1% |
| Next day | −3.8% | +1.9% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 4 August 2026 | +3.6% |
| 25 May 2026 | +17.6% |
| 12 February 2026 | −0.2% |
| 11 November 2025 | −1.5% |
| 9 August 2025 | −5.0% |
| 7 February 2025 | −5.3% |
| 25 October 2024 | +3.4% |
Source: MarketPing price-reaction measurement.
How did other Civil Construction companies do?
Among 16 other Civil Construction companies compared for the quarter, the median revenue growth was 6.1%. Fourteen peers grew more slowly than Viviana Power Tech, while two grew faster. Thirteen of the 18 peers for which profit was compared reported higher profit.
| Viviana Power Tech revenue growth (YoY) | +108.6% |
|---|---|
| Median of 16 other Civil Construction companies | +6.1% |
| Companies with slower revenue growth than Viviana Power Tech | 14 of 16 |
| Companies with faster revenue growth than Viviana Power Tech | 2 of 16 |
| Companies whose net profit rose | 13 of 18 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Viviana Power Tech's revenue in Q2 FY27?
Revenue from operations was ₹189.07 crore, up 108.6% from ₹90.63 crore in Q2 FY26 (consolidated).
Did Viviana Power Tech make a profit in Q2 FY27?
Yes. Net profit was ₹18.45 crore.
What was Viviana Power Tech's EPS in Q2 FY27?
Basic earnings per share were ₹18.12, against ₹15.14 in Q2 FY26.
How did Viviana Power Tech shares react to the Q2 FY27 results?
On the reaction day the stock moved −5.7% from the previous close; the median Civil Construction stock moved −0.1%.
When did Viviana Power Tech announce its Q2 FY27 results?
On 2 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 2 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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