Standalone Financial Performance (Q2 FY27)

Revenue Breakdown:

  • Revenue from EPC Contracts: ₹32,883.24 million
  • Revenue from O&M Services: ₹247.84 million
  • Other Operating Revenue: ₹0.00 million
  • Total Revenue from Operations: ₹33,131.08 million
  • Other Income: ₹1,126.23 million
  • Total Income: ₹34,257.31 million

Expense Breakdown:

  • Construction Expenses: ₹28,843.17 million
  • Employee Benefits Expense: ₹813.83 million
  • Other Expenses: ₹287.66 million
  • Total Expenses: ₹29,944.66 million

Profitability Metrics:

  • Profit before finance cost, depreciation, amortization, taxes and exceptional items: ₹4,312.65 million
  • Finance Costs: ₹1,046.97 million
  • Depreciation and Amortization: ₹38.79 million
  • Profit before taxes and exceptional items: ₹3,226.89 million
  • Exceptional Items: ₹0.00 million (compared to ₹24.17 million in Q2 FY26)
  • Profit before tax: ₹3,226.89 million
  • Tax Expense: ₹814.31 million (Current: ₹827.80 million, Deferred: ₹(13.49) million)
  • Profit for the period: ₹2,412.58 million

Comprehensive Income:

  • Other Comprehensive Income (net of tax): ₹207.53 million
  • Total Comprehensive Income: ₹2,620.11 million

Earnings Per Share:

  • Basic EPS: ₹3.60
  • Diluted EPS: ₹3.37

Standalone Financial Performance (H1 FY27)

Revenue Breakdown (6 months):

  • Total Revenue from Operations: ₹55,794.14 million
  • Other Income: ₹2,045.92 million
  • Total Income: ₹57,840.06 million

Profitability Metrics (6 months):

  • Profit before tax: ₹4,857.45 million
  • Tax Expense: ₹1,227.84 million
  • Profit for the period: ₹3,629.61 million
  • Total Comprehensive Income: ₹3,837.14 million

Earnings Per Share (6 months):

  • Basic EPS: ₹5.41
  • Diluted EPS: ₹5.34

Capital Structure Changes

QIP Issuance:

  • Issued 100,178,890 equity shares of face value ₹2 each at ₹279.50 per share
  • Total proceeds: ₹27,629.04 million (net of issue expenses of ₹370.96 million)
  • Utilization: ₹13,972.50 million for repayment of subsidiary debt, ₹6,600.00 million for general corporate purposes

ESOP Activity:

  • Allotted 723,642 equity shares to Employee Welfare Trust under ESOP Scheme 2025
  • Trust transferred 416,896 shares to eligible employees during H1 FY27
  • Trust held 889,636 shares as at 30 September 2026

Share Capital:

  • Paid-up equity share capital: ₹1,411.97 million as at 30 September 2026 (face value ₹2 per share)

Consolidated Financial Performance (Q2 FY27)

Revenue Breakdown:

  • Sale of Electricity: ₹8,870.11 million
  • Other Operating Revenue: ₹0.00 million
  • Total Revenue from Operations: ₹8,870.11 million
  • Other Income: ₹1,200.70 million
  • Total Income: ₹10,070.81 million

Expense Breakdown:

  • Cost of Power Purchased: ₹704.15 million
  • Employee Benefits Expense: ₹178.30 million
  • Other Expenses: ₹453.04 million
  • Total Expenses: ₹1,335.49 million

Profitability Metrics:

  • Profit before finance cost, depreciation, amortization, taxes and exceptional items: ₹8,735.32 million
  • Finance Costs: ₹3,452.12 million
  • Depreciation and Amortization: ₹1,723.06 million
  • Profit before taxes and exceptional items: ₹3,560.14 million
  • Exceptional Items: ₹0.00 million
  • Profit before tax: ₹3,560.14 million
  • Tax Expense: ₹873.53 million
  • Profit for the period: ₹2,686.61 million
  • Profit attributable to Owners: ₹2,683.99 million
  • Profit attributable to Non-controlling interest: ₹2.62 million

Earnings Per Share:

  • Basic EPS: ₹4.00
  • Diluted EPS: ₹3.75

Consolidated Financial Position

Assets (30 September 2026):

  • Total Assets: ₹406,275.57 million
  • Non-current Assets: ₹289,995.25 million
  • Current Assets: ₹116,280.32 million
  • Cash and cash equivalents: ₹43,840.75 million
  • Bank balances: ₹61,956.08 million

Equity and Liabilities (30 September 2026):

  • Total Equity: ₹83,610.94 million
  • Equity attributable to Owners: ₹83,621.46 million
  • Non-controlling interest: ₹(10.52) million
  • Total Liabilities: ₹322,664.63 million
  • Non-current Liabilities: ₹285,589.29 million
  • Current Liabilities: ₹37,075.34 million

Subsidiary Information

  • Consolidated results include 87 subsidiaries
  • 54 subsidiaries not reviewed by joint auditors, representing significant assets and revenues
  • Subsidiaries had total assets of ₹260,860.18 million and revenues of ₹3,338.31 million (Q2) and ₹5,645.33 million (H1)

Segment Information

  • Company operates in only one segment
  • Segment disclosure as per Ind AS 108 not applicable

Exceptional Items

  • Standalone: Contingent consideration received of ₹24.17 million in FY26
  • Consolidated: Contingent consideration of ₹42.49 million in FY26 and ancillary cost of ₹159.11 million for borrowing prepayment