| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,512 | 1,438 | +5.1% |
| EBITDA | 657 | 471 | +39.5% |
| EBITDA margin | 43.4% | 32.7% | +10.7 pts |
| Profit before tax | 10.5 | 292 | −96.4% |
| Net profit | 33.3 | 182 | −81.7% |
| EPS | ₹0.04 | ₹0.20 | −80.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 8,889 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 785 | 755 | 893 | 31.0 | 58.6 | ||
| 3,380 | 3,380 | 3,766 | 4,242 | 4,754 | ||
| 11,484 | — | — | — | — | ||
| 5,830 | 5,563 | 5,462 | 6,763 | 5,787 | ||
| — | +1.9% | −19.2% | +16.9% | — | ||
| 1,710 | 1,367 | 1,855 | 2,236 | 1,121 | ||
| 29.3% | 24.6% | 34.0% | 33.1% | 19.4% | ||
| 1,238 | 894 | 1,384 | 1,771 | 656 | ||
| 493 | 451 | 814 | 1,022 | 55.4 | ||
| 8.4% | 8.1% | 14.9% | 15.1% | 1.0% | ||
| ₹0.72 | ₹0.66 | ₹1.19 | ₹1.49 | ₹0.08 | ||
| — | −44.6% | −20.4% | +1,719.0% | — | ||
| — | 1,301 | 1,714 | 1,927 | 767 | ||
| — | −7.9 | −243 | −199 | −0.2 | ||
| 1,293 | 1,293 | 1,472 | 1,729 | 767 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 8,888.9 | |
| - Cash, Equiv & ST Investments | 58.6 | 31.0 | 892.5 | 755.0 | 785.2 | |
| + Total Debt | 4,754.5 | 4,241.8 | 3,765.6 | 3,380.3 | 3,380.3 | |
| Enterprise Value | — | — | — | — | 11,484.0 | |
| Revenue | 5,786.7 | 6,762.8 | 5,462.2 | 5,563.5 | 5,829.8 | |
| Growth %, YoY | — | +16.9 | -19.2 | +1.9 | — | |
| EBITDA | 1,120.6 | 2,236.2 | 1,854.6 | 1,367.0 | 1,710.5 | |
| Margin % | 19.36 | 33.07 | 33.95 | 24.57 | 29.34 | |
| EBIT | 656.4 | 1,771.1 | 1,384.4 | 894.2 | 1,238.4 | |
| Net Income | 55.4 | 1,022.0 | 813.6 | 450.6 | 492.6 | |
| Margin % | 0.96 | 15.11 | 14.89 | 8.10 | 8.45 | |
| EPS, Adj (current shares) | 0.08 | 1.49 | 1.19 | 0.66 | 0.72 | |
| Growth %, YoY | — | +1,719.0 | -20.4 | -44.6 | — | |
| Cash from Operations | 767.4 | 1,927.2 | 1,714.3 | 1,301.0 | — | |
| Capital Expenditures | -0.2 | -198.7 | -242.8 | -7.9 | — | |
| Free Cash Flow | 767.3 | 1,728.5 | 1,471.5 | 1,293.1 | 1,293.1 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Jaiprakash Power Ventures (NSE: JPPOWER) had a market capitalisation of ₹8,992 crore at the 29 October 2026 close (₹13.12 a share), a PE ratio of 18.3 on the last four quarters' profit and a price-to-book ratio of 0.68. In FY26 its consolidated net profit was ₹451 crore on revenue of ₹5,563 crore; in Q2 FY27 (July–September 2026) it was ₹33.3 crore, down 81.7% year on year. Its debt-to-equity ratio was 0.23 on 30 September 2026. Promoters held 24.00% of the shares on 30 September 2026.
Jaiprakash Power Ventures' PE ratio is 18.3 at the 29 October 2026 close (₹13.12 a share): a market capitalisation of ₹8,992 crore divided by consolidated net profit of ₹493 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹451 crore) it is 20.0. These four quarters include net exceptional items of −₹705 crore (one-off charges reported separately), so the ratio on recurring profit would differ.
Jaiprakash Power Ventures' price-to-book (PB) ratio is 0.68 at the 29 October 2026 close: a market capitalisation of ₹8,992 crore divided by shareholders' equity (book value) of ₹13,235 crore on 30 September 2026. That is a book value of ₹19.31 per share against a share price of ₹13.12.
In FY26, Jaiprakash Power Ventures' return on equity (ROE) was 3.6% and its return on capital employed (ROCE) was 5.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 6.9% and ROCE 8.7%.
Jaiprakash Power Ventures' market capitalisation was ₹8,992 crore at the 29 October 2026 close: 685.35 crore shares at ₹13.12 each.
No. Jaiprakash Power Ventures had borrowings of ₹3,047 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.23. Its cash and current investments were ₹2,880 crore, so its net debt was ₹167 crore.
Jaiprakash Power Ventures' debt-to-equity ratio was 0.23 on 30 September 2026: borrowings of ₹3,047 crore against total equity of ₹13,235 crore. A year earlier, on 30 September 2025, it was 0.28.
Jaiprakash Power Ventures' net worth — shareholders' equity in its consolidated balance sheet — was ₹13,235 crore on 30 September 2026, up 3.9% from ₹12,741 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹8,992 crore at the 29 October 2026 close.
Jaiprakash Power Ventures' book value per share was ₹19.31 on 30 September 2026: shareholders' equity of ₹13,235 crore divided by the 685.35 crore shares in issue, up 3.9% from ₹18.59 a year earlier. The share price at the 29 October 2026 close was ₹13.12.
In FY26, Jaiprakash Power Ventures generated ₹1,301 crore of cash from operations and spent ₹7.9 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1,293 crore. In FY25 it was ₹1,472 crore.
Jaiprakash Power Ventures' basic earnings per share (EPS) were ₹0.49 in FY26, against ₹0.89 in FY25.
Promoters held 24.00% of Jaiprakash Power Ventures on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Jaiprakash Power Ventures' latest results are for Q2 FY27 (July–September 2026), filed on 19 October 2026: consolidated net profit ₹33.3 crore, down 81.7% from ₹182 crore in Q2 FY26; revenue from operations ₹1,512 crore, up 5.1% year on year.
On 30 September 2026, Jaiprakash Power Ventures' shares were held by promoters 24.00%, foreign portfolio investors (FII/FPI) 7.01%, domestic institutions (DII) 10.49% (including mutual funds at 0.50%) and retail and other non-institutional investors 58.50%. Over the year, FII holding was up 0.68 percentage points from 6.33% and DII holding was down 6.70 percentage points from 17.19%.
On FY26 consolidated figures, against NHPC, SJVN and Torrent Power: Jaiprakash Power Ventures' operating margin of 16.1% is the third highest of the four (NHPC 28.1%, SJVN 51.0%, Torrent Power 13.6%; peer average 30.9%); its return on equity of 3.6% is the lowest of the four (NHPC 9.3%, SJVN 4.5%, Torrent Power 13.2%; peer average 9.0%); its revenue growth over three years of −1.3% a year is the lowest of the four (NHPC 3.1% a year, SJVN 15.5% a year, Torrent Power 4.1% a year; peer average 7.6% a year).
In FY26, Jaiprakash Power Ventures earned net profit of ₹451 crore on revenue of ₹5,563 crore, against ₹3,766 crore on ₹11,615 crore for NHPC. Jaiprakash Power Ventures' operating margin was 16.1% (NHPC 28.1%) and its return on equity 3.6% (NHPC 9.3%). At the 29 October 2026 close, Jaiprakash Power Ventures' market capitalisation was ₹8,992 crore against ₹77,548 crore for NHPC, and its PE ratio on FY26 profit 20.0 against 20.6.
In FY26 (April 2025–March 2026), Jaiprakash Power Ventures' consolidated net profit was ₹451 crore, down 44.6% from ₹814 crore in FY25, on revenue from operations of ₹5,563 crore (up 1.9%). Over three years, from FY23, net profit was up 702.0%.
Jaiprakash Power Ventures has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
At the 29 October 2026 closing prices, on FY26 net profit, Jaiprakash Power Ventures' PE ratio is 20.0, the lowest of the four: NHPC 20.6, SJVN 32.1 and Torrent Power 24.6, a peer average of 25.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.
From Jaiprakash Power Ventures' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.