• Event Type: Q1 FY27 Earnings Conference Call and investor/analyst interaction.
  • Event Date & Time: Held on Thursday, 06-August-2026 at 02:00 PM IST.
  • Purpose: To discuss the financial results for the quarter ended 30th June 2026, provide general business updates, and outline future growth plans.
  • Management Participants: The call was attended by Mr. Nikesh Choksi (Managing Director), Mr. Richi Choksi (Whole-Time Director), Mrs. Priyanka Choksi (Whole-Time Director), Mr. Ajit Sakrani (Vice President), Mr. Dipesh Patel (Chief Financial Officer), and Mr. Bhavin Parekh (General Manager).
  • Moderator: The call was moderated by Mr. Gopal Chandak from ORIM Connect.
  • Financial Period Discussed: Q1 FY27 (Quarter ended June 30, 2026).
  • Compliance: The transcript was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The call contained forward-looking statements, and it was clarified that the strategic restructuring was a proactive decision, not driven by financial stress.

Key Financial & Operational Highlights from the Call

Financial Performance for Q1 FY27:

  • Revenue from Operations: INR 71.86 crores (up 246% YoY from INR 20.78 Cr).
  • Total Income: INR 73.32 crores (up from INR 21.42 Cr YoY).
  • EBITDA: INR 11.56 crores (up 232% YoY).
  • Profit Before Tax (PBT): INR 9.21 crores (up from INR 2.70 Cr YoY).
  • Profit After Tax (PAT): INR 6.93 crores (up from INR 2.09 Cr YoY).
  • EBITDA Margin: >16%.
  • PAT Margin: >9.65%.

Strategic Update - Proposed Disinvestment:

  • The Board has approved the proposed disinvestment of the company's shareholding in two subsidiaries: Viviana Life Spaces Private Limited and Aarsh Transformers Private Limited.
  • The disinvestment is subject to the execution of agreements, regulatory approvals, and customary closing conditions.
  • The stated purpose is to create focused businesses, improve operational efficiency, enable disciplined capital allocation, and provide investors with greater transparency.
  • Post-restructuring, Viviana Power Tech will focus exclusively on its core power infrastructure business (power transmission/distribution EPC, transformer manufacturing, renewable energy integration, battery energy storage systems).
  • The company clarified that the disinvestment of Aarsh Transformers is not an exit from the transformer segment, as it continues to invest in a new power transformer manufacturing facility.
  • The collateral arrangement for bank facilities (INR 100 Cr by 2030 from Viviana Life Spaces) will remain unchanged.

Order Book & Business Outlook:

  • Current Order Book: INR 1,312.53 crores.
  • Order Book Composition: INR 800+ Cr from EPC and INR 500+ Cr from Battery Energy Storage System (BESS).
  • Bidding Pipeline: INR 1,400+ Cr under evaluation; actively participating in tenders worth INR 2,600+ Cr.
  • Revenue Guidance: Reaffirmed FY27 revenue target in the range of INR 875-910 crores.
  • Long-term Target: Aiming to build a INR 2,000-2,200 Cr revenue platform with a PAT of INR 200+ Cr by FY30.

Manufacturing Expansion:

  • Progress is being made on a new greenfield power transformer manufacturing facility in Gujarat.
  • The facility is designed to manufacture transformers up to 200 kV initially, scaling to 400 kV.
  • Phase 1 (by end of FY27): Build capacity for 20 MVA transformers.
  • Phase 2 (FY28): Develop capabilities for 132 kV, 63 MVA class transformers.
  • A separate facility on lease is being inaugurated to manufacture transformers up to 20 MVA.
  • Total planned capex for the greenfield project's first phase is ~INR 90 Cr (INR 3.5-4 Cr spent so far; INR 10 Cr planned for FY27).

Q&A Session Takeaways:

  • Margins: Management expects to maintain PAT margins of 9-9.5% annually.
  • Geographical Focus: Currently focused on Gujarat but executing projects in over 10 states and bidding in Haryana, Rajasthan, Bihar, and Uttarakhand.
  • Working Capital: Confident that existing limits are sufficient to achieve the FY27 revenue target. An NCD was raised as a contingency measure during a delay in bank limit enhancement.
  • Institutional Outreach: The company has initiated meetings with domestic mutual funds, PMS houses, and family offices following its mainboard listing on June 2, 2026.
  • BESS Projects: Awaiting Notice to Proceed (NTP) for projects in Gujarat (from GUVNL) and Rajasthan.

Additional Notes Section

  • The document provided is the full transcript of the conference call submitted as a regulatory disclosure.
  • The transcript contained detailed financial figures, strategic announcements, and operational updates.
  • No separate presentation deck or recording was mentioned to be made available in this specific disclosure.