Power Generation & Utilities: Q1 FY27 results (April-June 2026)

24 companies have declared Power Generation & Utilities Q1 FY27 results so far, the latest on 14 Aug 2026.

Across the 24 non-financial companies with a year-ago quarter to compare, sales grew +11.8% and net profit +15.1% year on year, and the combined operating margin widened 325 bps to 40.3%.

58% of companies grew net profit; 3 turned a loss into a profit; 47% beat their own profit trend and 26% fell short of it.

Updated 12 Oct 2026, 12:14 IST 24 declared 111 due in the next 3 days →

Power Generation & Utilities Q1 FY27 scoreboard

Sales growth
+11.8%
YoY, 24 companies combined; median +7.8%
Net profit growth
+15.1%
YoY combined; median +11.0%
Operating margin
40.3%
+325 bps YoY
Grew profit
58%
3 turnarounds, 2 into loss
Vs own profit trend
47% / 26%
above / below, 26% in line
Price since results
-15.2%
median; 12% of 24 stocks up
Other-income heavy
7
25%+ of pre-tax profit from other income & one-offs

Latest Power Generation & Utilities Q1 FY27 results 24

BF Utilities Limited

BFUTILITIE · Power Generation & Utilities · Q1 FY27 · Standalone · Filed
M Cap
₹1,767 Cr
P/E
—
PEG
—
Since results
-15.8%
  • Into loss: a profit a year ago
  • Operating margin contracted 5980 bps YoY
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +2.0%+252.1% 5.91.75.8
Operating profit loss widenedloss widened -5.6-5.3-2.0
OPM % -5980 bps+22537 bps -95.0%-320.4%-35.2%
Other income -93.8%-66.6% 0.72.111.5
Net profit to lossloss widened -5.0-3.66.4
PAT margin % -19690 bps+13243 bps -85.5%-218.0%111.4%
EPS (₹) to lossloss widened -1.34-0.971.70

Quality of profit

Pre-tax profit −₹5.0 Cr: core business −₹5.7 Cr, other income ₹0.7 Cr.

Core profit YoY: loss widened

Cash & debt

FY26 cash from operations −₹11.4 Cr: -511% of FY26 net profit of ₹2.2 Cr.

Borrowings ₹0.1 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5.6₹5.9 +4.6% in line
AI read of the filing BF Utilities Reports Q1 Standalone Loss of ₹5.03 Cr; Auditors Flag ₹500 Cr Legal Claim Watch
  • Standalone Net Loss of ₹5.03 Cr in Q1 FY27 vs a profit of ₹6.42 Cr in Q1 FY26.
  • Auditors highlighted a material legal claim of ₹500 Cr plus 18% IRR from AIRRO Mauritius Holdings V currently under SIAC arbitration.
  • Interest-free advance of ₹37 Cr to step-down subsidiary NECE has remained outstanding for over 15 years without impairment provision.
Full analysis →

Indowind Energy Limited

INDOWIND · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹133 Cr
P/E
—
PEG
—
Since results
-8.0%
  • Profit -36% below its own trend
  • Operating margin expanded 730 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -28.1%+57.5% 8.35.311.5
Operating profit -16.4%from loss 4.3-2.15.2
OPM % +730 bps+9142 bps 52.3%-39.1%45.0%
Other income —from loss 0.1-2.40.0
Net profit -18.3%from loss 2.1-7.52.6
PAT margin % +304 bps+16787 bps 25.4%-142.5%22.3%
EPS (₹) -35.0%from loss 0.13-0.460.20

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹1.8 Cr: core business ₹1.7 Cr, other income ₹0.1 Cr.

Core profit YoY: -33.7% · reported profit -18.3%

Cash & debt

FY26 cash from operations ₹2.8 Cr: 153889% of FY26 net profit of ₹0.0 Cr.

Borrowings ₹9.5 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹12.0₹8.3 -30.6% below
Net profit₹3.3₹2.1 -36.2% below
AI read of the filing ₹2.00 Cr Q1 Profit for Indowind; Auditor Flags ₹74.55 Cr Untested Goodwill Watch
  • Consolidated Net Profit stood at ₹2.00 cr, a recovery from the ₹7.46 cr loss reported in March 2026.
  • Revenue from operations fell to ₹8.30 cr from ₹11.54 cr in the same quarter last year.
  • Auditors flagged ₹74.55 cr of goodwill from a common control merger that has not been tested for impairment.
Full analysis →

Karma Energy Limited

KARMAENG · Power Generation & Utilities · Q1 FY27 · Standalone · Filed
M Cap
₹39.0 Cr
P/E
—
PEG
—
Since results
-17.0%
  • Profit +14% above its own trend
  • Operating margin expanded 2352 bps YoY
  • 77% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +4.7%+264.1% 3.20.93.1
Operating profit from lossfrom loss 0.7-2.4-0.1
OPM % +2352 bps+29785 bps 20.6%-277.3%-2.9%
Other income -74.7%-79.4% 0.41.91.5
Net profit -27.8%from loss 0.4-0.80.6
PAT margin % -618 bps+10693 bps 13.8%-93.2%19.9%
EPS (₹) -28.3%from loss 0.38-0.710.53

Quality of profit

Core 23%Other income & one-offs 77%

Pre-tax profit ₹0.5 Cr: core business ₹0.1 Cr, other income ₹0.4 Cr.

Core profit YoY: from loss · reported profit -27.8%

Cash & debt

FY26 cash from operations ₹1.9 Cr: 182% of FY26 net profit of ₹1.1 Cr.

Borrowings ₹1.5 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3.5₹3.2 -9.8% below
Net profit₹0.4₹0.4 +14.1% above

CESC Limited

CESC · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹17,661 Cr
P/E
12.4
PEG
2.06
Since results
-15.4%
  • Profit -52% below its own trend
  • Operating margin expanded 302 bps YoY
  • Core business grew faster than reported profit (core profit +30%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -42.2%-26.6% 3,0054,0965,202
Operating profit -31.7%-20.6% 590743864
OPM % +302 bps+149 bps 19.6%18.1%16.6%
Other income -86.8%-92.3% 41.0531311
Net profit -45.5%-52.1% 220459404
PAT margin % -45 bps-388 bps 7.3%11.2%7.8%
EPS (₹) -43.2%-49.8% 1.663.312.92

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹297 Cr: core business ₹256 Cr, other income ₹41.0 Cr.

Core profit YoY: +29.9% · reported profit -45.5%

Cash & debt

FY26 cash from operations ₹4,057 Cr: 252% of FY26 net profit of ₹1,612 Cr.

Borrowings ₹21,671 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5,708₹3,005 -47.4% below
Net profit₹459₹220 -52.0% below

Gujarat Industries Power Company Limited

GIPCL · Power Generation & Utilities · Q1 FY27 · Standalone · Filed
M Cap
₹2,586 Cr
P/E
5.1
PEG
0.18
Since results
+1.8%
  • Profit +141% above its own trend
  • Operating margin expanded 1807 bps YoY
  • 53% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +65%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +34.4%+16.7% 499428372
Operating profit +114.5%+23.9% 242195113
OPM % +1807 bps+284 bps 48.4%45.6%30.3%
Other income +480.7%+166.7% 11242.019.3
Net profit +174.8%-51.7% 15832757.5
PAT margin % +1616 bps-4478 bps 31.6%76.4%15.5%
EPS (₹) +174.9%-51.7% 10.1721.063.70

Quality of profit

Core 47%Other income & one-offs 53%

Pre-tax profit ₹211 Cr: core business ₹99.2 Cr, other income ₹112 Cr.

Core profit YoY: +65.2% · reported profit +174.8%

Cash & debt

FY26 cash from operations ₹649 Cr: 161% of FY26 net profit of ₹403 Cr.

Borrowings ₹3,594 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹451₹499 +10.6% above
Net profit₹65.4₹158 +141.3% above
AI read of the filing GIPCL Q1 PAT jumps 175% to ₹158 Cr; awards ₹239 Cr BESS contract to Bondada Engineering Positive
  • Net Profit for Q1 FY27 rose 174.7% YoY to ₹157.90 Cr from ₹57.47 Cr in Q1 FY26
  • Revenue from operations increased 34.4% YoY to ₹499.28 Cr
  • Awarded a ₹239.25 Cr contract for a Battery Energy Storage System (BESS) to Bondada Engineering
Full analysis →

Energy Development Company Limited

ENERGYDEV · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹68.0 Cr
P/E
—
PEG
—
Since results
-15.8%
  • Into loss: a profit a year ago
  • Operating margin contracted 2682 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -36.6%+58.4% 6.34.010.0
Operating profit -65.0%— 2.10.06.0
OPM % -2682 bps+3318 bps 33.2%0.0%60.0%
Other income —from loss 0.5-5.00.0
Net profit to lossloss narrowed -1.8-14.02.0
PAT margin % -4860 bps+32140 bps -28.6%-350.0%20.0%
EPS (₹) to lossloss narrowed -0.38-2.900.35

Quality of profit

Pre-tax profit −₹1.8 Cr: core business −₹2.3 Cr, other income ₹0.5 Cr.

Core profit YoY: to loss

Cash & debt

FY26 cash from operations ₹26.2 Cr.

Borrowings ₹137 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹13.9₹6.3 -54.3% below
AI read of the filing Energy Development Co. Reports Rs 2.33 Cr Q1 Loss; Auditors Issue Adverse Conclusion Negative
  • Revenue from operations fell to Rs 5.88 crore in Q1 FY27 from Rs 7.58 crore in Q1 FY26.
  • Auditors flagged unrecovered loans of Rs 29.29 crore and un-impaired investments of Rs 56 crore in two subsidiaries.
  • Total income tax demand including interest and penalties reached Rs 429.86 crore as of March 31, 2026.
Full analysis →

NLC India Limited

NLCINDIA · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹33,772 Cr
P/E
10.0
PEG
0.63
Since results
-19.5%
  • Profit -59% below its own trend
  • Operating margin expanded 787 bps YoY
  • Core business grew faster than reported profit (core profit +418%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +25.3%-4.9% 4,7945,0423,826
Operating profit +65.7%-12.7% 1,5481,774935
OPM % +787 bps-288 bps 32.3%35.2%24.4%
Other income -47.9%-81.2% 151802290
Net profit -48.0%-70.5% 4361,481839
PAT margin % -1283 bps-2027 bps 9.1%29.4%21.9%
EPS (₹) -42.3%-65.3% 3.4910.056.05

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹652 Cr: core business ₹500 Cr, other income ₹151 Cr.

Core profit YoY: +417.8% · reported profit -48.0%

Cash & debt

FY26 cash from operations ₹5,166 Cr: 137% of FY26 net profit of ₹3,769 Cr.

Borrowings ₹27,892 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,452₹4,794 +7.7% above
Net profit₹1,058₹436 -58.8% below
AI read of the filing NLC India Q1 FY27 Standalone Revenue Grows 15% YoY to ₹2,871.73 Cr; Net Profit at ₹374.28 Cr Neutral
  • Standalone Revenue from Operations increased to ₹2,871.73 Cr from ₹2,495.60 Cr YoY.
  • Standalone Net Profit for the quarter stood at ₹374.28 Cr, representing a 1.6% YoY growth.
  • Operating Margin improved to 18.96% compared to 13.89% in Q1 FY26.
Full analysis →

Surana Telecom and Power Limited

SURANAT&P · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹211 Cr
P/E
7.0
PEG
0.02
Since results
-14.5%
  • Profit +319% above its own trend
  • Operating margin contracted 292 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹2.0 Cr in the quarter
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -15.6%-85.3% 3.523.94.1
Operating profit -22.2%from loss 1.2-4.51.5
OPM % -292 bps+5322 bps 34.3%-18.9%37.2%
Other income +245.9%-55.8% 11.726.43.4
Net profit +349.4%-28.2% 11.015.32.4
PAT margin % +25564 bps+25052 bps 314.7%64.2%59.1%
EPS (₹) +350.0%-28.3% 0.811.130.18

Quality of profit

Pre-tax profit ₹12.2 Cr: core business −₹1.5 Cr, other income ₹11.7 Cr, exceptional & other items ₹2.0 Cr.

Core profit YoY: loss widened · reported profit +349.4%

Cash & debt

FY26 cash from operations −₹29.0 Cr: -134% of FY26 net profit of ₹21.6 Cr.

Borrowings ₹67.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹8.3₹3.5 -57.8% below
Net profit₹2.6₹11.0 +319.3% above
AI read of the filing ₹11 Cr PAT in Q1 FY27, Driven by ₹8.74 Cr Asset Sale Profit Neutral
  • Consolidated PAT increased to ₹11.00 Cr from ₹2.45 Cr in the year-ago period.
  • Other Income of ₹11.68 Cr includes a non-recurring profit of ₹8.74 Cr from asset sales.
  • Revenue from operations fell to ₹3.49 Cr, down from ₹4.14 Cr in Q1 FY26 and ₹23.86 Cr in Q4 FY26.
Full analysis →

Power Grid Corporation of India Limited

POWERGRID · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹2,31,725 Cr
P/E
14.6
PEG
14.58
Since results
-11.8%
  • Operating margin expanded 165 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +2.7%-1.5% 11,49711,66611,196
Operating profit +4.8%+79.8% 9,5365,3039,102
OPM % +165 bps+3749 bps 82.9%45.5%81.3%
Other income -56.6%-37.9% 200322461
Net profit -0.9%-20.8% 3,5984,5463,631
PAT margin % -113 bps-767 bps 31.3%39.0%32.4%
EPS (₹) -0.8%-20.9% 3.874.893.90

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹4,587 Cr: core business ₹4,385 Cr, other income ₹200 Cr, exceptional & other items ₹2.3 Cr.

Core profit YoY: +8.6% · reported profit -0.9%

Cash & debt

FY26 cash from operations ₹40,931 Cr: 257% of FY26 net profit of ₹15,928 Cr.

Borrowings ₹1,48,071 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹11,391₹11,497 +0.9% in line
Net profit₹3,737₹3,598 -3.7% in line
AI read of the filing ₹3,411 Cr Q1 Profit: PowerGrid Reports 6.6% YoY Standalone PAT Decline Neutral
  • Standalone Net Profit for Q1 FY27 stood at ₹3,410.95 Cr, a 6.6% decrease YoY.
  • Revenue from operations reached ₹9,795.40 Cr, contributing approximately 22.3% to TTM revenue.
  • Operating margin remained exceptionally high at 97% for the quarter.
Full analysis →

NHPC Limited

NHPC · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹73,319 Cr
P/E
17.2
PEG
—
Since results
-9.9%
  • Operating margin expanded 571 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +18.5%+35.2% 3,8082,8163,214
Operating profit +30.6%+269.3% 2,3526371,802
OPM % +571 bps+3914 bps 61.8%22.6%56.1%
Other income -33.4%-50.1% 153306229
Net profit +4.1%-23.9% 1,1781,5491,131
PAT margin % -426 bps-2407 bps 30.9%55.0%35.2%
EPS (₹) +2.8%-24.8% 1.091.451.06

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹1,299 Cr: core business ₹1,147 Cr, other income ₹153 Cr.

Core profit YoY: +3.8% · reported profit +4.1%

Cash & debt

FY26 cash from operations ₹3,294 Cr: 78% of FY26 net profit of ₹4,220 Cr.

Borrowings ₹52,327 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,689₹3,808 +3.2% in line
Net profit₹1,222₹1,178 -3.6% in line
AI read of the filing NHPC Q1 FY27 Results: Revenue up 18.8% YoY to ₹3,537 Cr; PAT grows 3.9% to ₹1,113 Cr Positive
  • Revenue from operations increased by 18.8% YoY to ₹3,537.04 Cr for the quarter ended June 30, 2026.
  • Net profit for the period stood at ₹1,113.41 Cr, up from ₹1,071.87 Cr in Q1 FY26.
  • Finance costs rose significantly by 138.6% YoY to ₹602.01 Cr from ₹252.34 Cr.
Full analysis →

Clean Max Enviro Energy Solutions Limited

CLEANMAX · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹15,515 Cr
P/E
98.6
PEG
—
Since results
-2.9%
  • Turnaround: profit against a loss a year ago
  • Operating margin contracted 1559 bps YoY
  • 45% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +107.0%+49.4% 832557402
Operating profit +58.2%+57.1% 421268266
OPM % -1559 bps+247 bps 50.6%48.1%66.2%
Other income +366.1%-50.1% 41.984.09.0
Net profit from loss+22.6% 55.245.0-17.0
PAT margin % +1086 bps-145 bps 6.6%8.1%-4.2%
EPS (₹) from loss-12.5% 4.144.73-2.80

Quality of profit

Core 55%Other income & one-offs 45%

Pre-tax profit ₹94.0 Cr: core business ₹51.6 Cr, other income ₹41.9 Cr.

Core profit YoY: from loss

AI read of the filing ₹2,500 Cr NCD Issuance and Amalgamation of 4 Subsidiaries Approved Positive
  • Approved issuance of listed NCDs up to ₹2,500 crore on a private placement basis for capex and debt repayment.
  • Amalgamation of 4 subsidiaries with the parent company, which had a combined FY26 revenue of approximately ₹127.7 crore.
  • Prepaid ₹599 crore of 11.5% p.a. NCDs on April 2, 2026, significantly reducing interest burden.
Full analysis →

SJVN Limited

SJVN · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹21,720 Cr
P/E
34.0
PEG
—
Since results
-19.5%
  • Profit +41% above its own trend
  • Operating margin contracted 1364 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +52.0%-6.8% 1,3941,496917
Operating profit +25.1%-2.8% 884910707
OPM % -1364 bps+259 bps 63.4%60.8%77.1%
Other income -36.3%-42.7% 34.460.054.0
Net profit -1.2%from loss 225-118228
PAT margin % -869 bps+2401 bps 16.1%-7.9%24.8%
EPS (₹) -1.7%from loss 0.57-0.300.58

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹346 Cr: core business ₹311 Cr, other income ₹34.4 Cr.

Core profit YoY: -6.1% · reported profit -1.2%

Cash & debt

FY26 cash from operations ₹1,860 Cr: 290% of FY26 net profit of ₹642 Cr.

Borrowings ₹32,278 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,278₹1,394 +9.1% above
Net profit₹159₹225 +41.2% above
AI read of the filing SJVN Q1 FY27 Results: Net Profit at ₹246.88 Cr, Revenue Down 7.7% YoY Neutral
  • Revenue from operations decreased to ₹758.83 Cr in Q1 FY27 from ₹822.44 Cr in Q1 FY26.
  • Net profit for the quarter stood at ₹246.88 Cr, a 4.5% decline compared to the previous year's ₹258.51 Cr.
  • Finance costs saw a significant reduction of ₹41.57 Cr, ending the quarter at ₹141.06 Cr.
Full analysis →

POWERGRID Infrastructure Investment Trust

PGINVIT · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹9,331 Cr
P/E
5.9
PEG
0.07
Since results
+1.5%
  • Profit -16% below its own trend
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -0.5%-75.2% 3111,258313
Operating profit -0.7%-77.6% 2901,293292
OPM % -21 bps-967 bps 93.1%102.8%93.3%
Other income -32.2%-78.9% 8.138.612.0
Net profit -3.1%-79.7% 185912191
PAT margin % -157 bps-1303 bps 59.5%72.5%61.0%
EPS (₹) -3.3%-79.7% 2.0310.022.10

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹201 Cr: core business ₹193 Cr, other income ₹8.1 Cr.

Core profit YoY: +0.1% · reported profit -3.1%

Cash & debt

FY26 cash from operations ₹1,176 Cr: 74% of FY26 net profit of ₹1,580 Cr.

Borrowings ₹1,064 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹310₹311 +0.4% in line
Net profit₹219₹185 -15.6% below
AI read of the filing PGInvIT Declares Rs 3.00 Per Unit Distribution; Q1 Standalone PAT at Rs 200.46 Cr Neutral
  • Declared a distribution of Rs 3.00 per unit for the quarter ended June 30, 2026.
  • Standalone Profit After Tax (PAT) reached Rs 200.46 Cr for Q1 FY27.
  • Total Standalone Income for the quarter was reported at Rs 222.72 Cr.
Full analysis →

Tata Power Company Limited

TATAPOWER · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹1,09,329 Cr
P/E
20.8
PEG
3.47
Since results
-9.5%
  • Operating margin contracted 188 bps YoY
  • 26% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -21%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +5.6%+27.9% 19,05114,90018,035
Operating profit -3.0%+54.4% 4,0132,5994,139
OPM % -188 bps+362 bps 21.1%17.4%22.9%
Other income +7.4%-78.1% 3881,773362
Net profit +11.0%-1.1% 1,4011,4161,262
PAT margin % +35 bps-215 bps 7.4%9.5%7.0%
EPS (₹) +11.2%+17.9% 3.683.123.31

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹1,823 Cr: core business ₹1,347 Cr, other income ₹388 Cr, exceptional & other items ₹88.3 Cr.

Core profit YoY: -20.7% · reported profit +11.0%

Cash & debt

FY26 cash from operations ₹5,993 Cr: 117% of FY26 net profit of ₹5,118 Cr.

Borrowings ₹76,141 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹17,102₹19,051 +11.4% above
Net profit₹1,355₹1,401 +3.4% in line
AI read of the filing USD 490M Legal Award Overhang in Q1 FY27 Results; Mundra Operations Extended Watch
  • USD 490.32 million arbitration award plus 5.33% interest remains a significant unprovisioned liability under appeal
  • Mundra Power Plant operations extended under Section 11 directions until September 30, 2026
  • ₹798.83 crore total final dividend for FY26 was paid to shareholders on July 10, 2026
Full analysis →

Bhagyanagar India Limited

BHAGYANGR · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹146 Cr
P/E
2.3
PEG
0.03
Since results
-88.9%
  • Profit +34% above its own trend
  • Operating margin expanded 210 bps YoY
  • Core business grew faster than reported profit (core profit +269%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +45.2%-4.1% 705735486
Operating profit +136.5%+6.4% 38.336.016.2
OPM % +210 bps+53 bps 5.4%4.9%3.3%
Other income -73.5%-21.0% 0.81.03.0
Net profit +167.4%+12.5% 20.218.07.6
PAT margin % +131 bps+42 bps 2.9%2.4%1.6%
EPS (₹) +166.0%+9.5% 6.335.782.38

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹27.1 Cr: core business ₹26.3 Cr, other income ₹0.8 Cr.

Core profit YoY: +269.4% · reported profit +167.4%

Cash & debt

FY26 cash from operations ₹59.0 Cr: 119% of FY26 net profit of ₹49.7 Cr.

Borrowings ₹259 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹701₹705 +0.6% in line
Net profit₹15.1₹20.2 +33.7% above
AI read of the filing Bhagyanagar India Q1 PAT Drops to Rs 14.66 Lakhs; Rs 52.25 Cr Fundraise Approved Watch
  • Standalone Revenue from operations decreased to Rs 156.20 Lakhs in Q1 FY27 from Rs 185.09 Lakhs in Q1 FY26.
  • Standalone Profit After Tax (PAT) fell to Rs 14.66 Lakhs, a significant drop from Rs 83.30 Lakhs in the year-ago period.
  • Approved preferential issuance of 15,01,434 equity shares at Rs 348 per share to raise approximately Rs 52.25 Cr.
Full analysis →

NTPC Limited

NTPC · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹3,02,536 Cr
P/E
10.7
PEG
0.63
Since results
-11.7%
  • Operating margin expanded 526 bps YoY
  • Core business grew faster than reported profit (core profit +68%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +7.8%+2.1% 50,74149,68847,065
Operating profit +29.0%+90.8% 16,2318,50712,580
OPM % +526 bps+1487 bps 32.0%17.1%26.7%
Other income -52.2%-19.2% 1,5491,9173,240
Net profit +12.9%-35.0% 6,89610,6156,108
PAT margin % +61 bps-777 bps 13.6%21.4%13.0%
EPS (₹) +11.8%-35.9% 6.9310.816.20

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹9,160 Cr: core business ₹7,611 Cr, other income ₹1,549 Cr.

Core profit YoY: +68.2% · reported profit +12.9%

Cash & debt

FY26 cash from operations ₹50,902 Cr: 185% of FY26 net profit of ₹27,545 Cr.

Borrowings ₹2,71,005 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹47,038₹50,741 +7.9% above
Net profit₹6,694₹6,896 +3.0% in line
AI read of the filing NTPC Q1 FY27 Results: Net Profit Rises 11.9% YoY to ₹5,342 Cr; Revenue Up 3% Positive
  • Standalone Net Profit increased by 11.89% YoY to ₹5,342.36 Cr from ₹4,774.68 Cr
  • Revenue from operations grew 2.96% YoY to ₹43,831.86 Cr
  • Operating margin improved to 21.20% compared to 20.22% in the same quarter last year
Full analysis →

RattanIndia Power Limited

RTNPOWER · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹3,512 Cr
P/E
31.5
PEG
1.17
Since results
-22.5%
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 389 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -2.8%+1.4% 799788822
Operating profit +29.3%-3.6% 12513096.7
OPM % +389 bps-81 bps 15.6%16.5%11.8%
Other income -31.4%+0.7% 67.967.498.9
Net profit from loss+7.0% 45.942.8-13.1
PAT margin % +734 bps+30 bps 5.7%5.4%-1.6%
EPS (₹) from loss+12.5% 0.090.08-0.02

Quality of profit

Pre-tax profit ₹45.9 Cr: core business −₹22.0 Cr, other income ₹67.9 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations ₹372 Cr: 709% of FY26 net profit of ₹52.4 Cr.

Borrowings ₹3,711 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹756₹799 +5.6% above
AI read of the filing Rs 45.85 Cr Net Profit in Q1 FY27; Finance Costs Drop 42.6% YoY Positive
  • Turnaround to a net profit of Rs 45.85 Cr from a loss of Rs 13.11 Cr in Q1 FY26.
  • Finance costs decreased by 42.6% YoY to Rs 85.03 Cr, significantly improving interest coverage.
  • Revenue from operations stood at Rs 798.55 Cr, contributing approximately 26.7% of TTM revenue.
Full analysis →

NTPC Green Energy Limited

NTPCGREEN · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹78,028 Cr
P/E
128.9
PEG
2.87
Since results
+2.5%
  • Profit +14% above its own trend
  • Core business grew faster than reported profit (core profit +73%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +62.7%+21.2% 1,107913680
Operating profit +63.7%+27.7% 989774604
OPM % +53 bps+455 bps 89.3%84.8%88.8%
Other income -83.4%-69.2% 14.848.089.0
Net profit +38.3%+54.7% 305197220
PAT margin % -487 bps+596 bps 27.5%21.6%32.4%
EPS (₹) +38.5%+56.5% 0.360.230.26

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹368 Cr: core business ₹324 Cr, other income ₹14.8 Cr, exceptional & other items ₹29.0 Cr.

Core profit YoY: +72.6% · reported profit +38.3%

Cash & debt

FY26 cash from operations ₹2,386 Cr: 458% of FY26 net profit of ₹521 Cr.

Borrowings ₹31,716 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹853₹1,107 +29.8% above
Net profit₹268₹305 +13.8% above
AI read of the filing ₹152.75 Cr Q1 PAT: NTPC Green to form C&I SPV and take majority stake in APNHAL JV Positive
  • Standalone Net Profit for Q1 FY27 stood at ₹152.75 Cr, up from ₹94.44 Cr in the previous quarter.
  • Operating margin improved significantly to 63.29% in Q1 FY27 compared to 57.21% in Q4 FY26.
  • Board approved an investment of ₹28,77,550 to increase stake in AP NGEL Harit Amrit Limited (APNHAL) to 51%.
Full analysis →

Orient Green Power Company Limited

GREENPOWER · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹1,004 Cr
P/E
15.0
PEG
0.17
Since results
-17.7%
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 12593 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales —+74.7% 81.446.60.9
Operating profit from loss+204.1% 55.218.1-0.5
OPM % +12593 bps+2886 bps 67.8%38.9%-58.1%
Other income —-39.9% 4.88.00.3
Net profit from lossfrom loss 23.9-16.6-0.2
PAT margin % +5614 bps+6492 bps 29.4%-35.5%-26.7%
EPS (₹) -20.0%from loss 0.20-0.150.25

Quality of profit

Core 79%Other income & one-offs 21%

Pre-tax profit ₹23.9 Cr: core business ₹18.9 Cr, other income ₹4.8 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹195 Cr: 456% of FY26 net profit of ₹42.7 Cr.

Borrowings ₹524 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹0.9₹81.4 +999.0% above

JSW Energy Limited

JSWENERGY · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹84,711 Cr
P/E
34.4
PEG
1.64
Since results
-17.9%
  • Profit -57% below its own trend
  • 33% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +1.2%+15.7% 5,2074,4995,143
Operating profit +3.0%+27.7% 2,8732,2502,789
OPM % +96 bps+517 bps 55.2%50.0%54.2%
Other income -15.3%-35.6% 229356271
Net profit -36.3%-7.2% 533574836
PAT margin % -602 bps-253 bps 10.2%12.8%16.3%
EPS (₹) -38.0%+25.1% 2.642.114.26

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹696 Cr: core business ₹464 Cr, other income ₹229 Cr, exceptional & other items ₹2.1 Cr.

Core profit YoY: -37.6% · reported profit -36.3%

Cash & debt

FY26 cash from operations ₹9,898 Cr: 358% of FY26 net profit of ₹2,763 Cr.

Borrowings ₹76,946 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹8,416₹5,207 -38.1% below
Net profit₹1,233₹533 -56.8% below
AI read of the filing JSW Energy Q1 PAT Drops 37% to ₹471 Cr on Higher Finance and Depreciation Costs Negative
  • PAT to shareholders declined 37% YoY to ₹471 crore from ₹748 crore in the previous year
  • Depreciation costs doubled to ₹890 crore due to the commissioning of new power assets
  • Finance costs increased to ₹1,519 crore, driven by incremental borrowings for capacity expansion
Full analysis →

Adani Green Energy Limited

ADANIGREEN · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹2,06,852 Cr
P/E
96.4
PEG
5.67
Since results
-17.8%
  • Operating margin expanded 988 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +16.6%+26.5% 4,4313,5023,800
Operating profit +31.0%+38.3% 3,9852,8823,042
OPM % +988 bps+764 bps 89.9%82.3%80.1%
Other income +12.6%+98.3% 232117206
Net profit +19.3%+91.2% 983514824
PAT margin % +50 bps+751 bps 22.2%14.7%21.7%
EPS (₹) +18.5%+109.5% 5.052.414.26

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹1,246 Cr: core business ₹958 Cr, other income ₹232 Cr, exceptional & other items ₹56.0 Cr.

Core profit YoY: +27.7% · reported profit +19.3%

Cash & debt

FY26 cash from operations ₹10,135 Cr: 510% of FY26 net profit of ₹1,987 Cr.

Borrowings ₹1,03,545 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,269₹4,431 +3.8% in line
Net profit₹1,055₹983 -6.8% in line
AI read of the filing 20.1 GW Operational Capacity: Adani Green Reports 30% YoY Energy Sales Growth in Q1 FY27 Watch
  • Operational capacity reached 20.1 GW, marking a significant milestone toward the 50 GW target by 2030.
  • Energy sales increased by 30% YoY to 13,657 million units on the back of fresh greenfield capacity.
  • Operational EBITDA margin achieved 94%, reflecting high efficiency via the Energy Network Operation Center.
Full analysis →

Adani Power Limited

ADANIPOWER · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹3,64,481 Cr
P/E
25.1
PEG
4.18
Since results
-14.9%
  • Profit +70% above its own trend
  • Operating margin expanded 176 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +34.0%+32.9% 18,90214,22314,109
Operating profit +39.8%+68.0% 7,9494,7325,685
OPM % +176 bps+878 bps 42.1%33.3%40.3%
Other income +15.8%-69.5% 5381,766465
Net profit +47.2%+13.9% 4,8674,2713,305
PAT margin % +232 bps-428 bps 25.7%30.0%23.4%
EPS (₹) -71.1%+19.7% 2.492.088.62

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹6,418 Cr: core business ₹5,880 Cr, other income ₹538 Cr.

Core profit YoY: +57.2% · reported profit +47.2%

Cash & debt

FY26 cash from operations ₹20,514 Cr: 158% of FY26 net profit of ₹12,971 Cr.

Borrowings ₹54,670 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹13,703₹18,902 +37.9% above
Net profit₹2,855₹4,867 +70.5% above
AI read of the filing ₹15,000 Cr Fundraise and ₹1 Lakh Cr Borrowing Limit Approved by Adani Power Positive
  • Approved raising up to ₹15,000 crore via QIP or other equity-linked securities.
  • Proposed increasing borrowing limits by ₹25,000 crore to a new ceiling of ₹1,00,000 crore.
  • Extra-Ordinary General Meeting (EGM) convened for August 14, 2026, to seek shareholder approval.
Full analysis →

Adani Energy Solutions Limited

ADANIENSOL · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹1,54,337 Cr
P/E
49.9
PEG
2.38
Since results
-26.3%
  • Profit +127% above its own trend
  • Operating margin contracted 296 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +42.4%+30.5% 9,7117,4436,819
Operating profit +30.0%+40.3% 3,0082,1452,315
OPM % -296 bps+216 bps 31.0%28.8%33.9%
Other income -31.6%-37.8% 141227206
Net profit +129.4%+71.0% 1,237723539
PAT margin % +483 bps+302 bps 12.7%9.7%7.9%
EPS (₹) +124.1%+68.2% 9.575.694.27

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹1,441 Cr: core business ₹1,271 Cr, other income ₹141 Cr, exceptional & other items ₹28.6 Cr.

Core profit YoY: +33.0% · reported profit +129.4%

Cash & debt

FY26 cash from operations ₹10,997 Cr: 460% of FY26 net profit of ₹2,393 Cr.

Borrowings ₹49,176 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹8,303₹9,711 +17.0% above
Net profit₹546₹1,237 +126.6% above
AI read of the filing 42% Revenue Growth in Q1; ADANIENSOL to Acquire IntelliSmart for ₹3,050 Cr Positive
  • Consolidated revenue increased 42.4% YoY to ₹9,711.08 Cr from ₹6,819.28 Cr.
  • Executing a binding agreement to acquire 100% of IntelliSmart Infrastructure for ₹3,050 Cr.
  • Smart metering platform to reach 4.7+ crore meters post-acquisition, maintaining #1 market position.
Full analysis →

Jaiprakash Power Ventures Limited

JPPOWER · Power Generation & Utilities · Q1 FY27 · Consolidated · Filed
M Cap
₹9,958 Cr
P/E
15.5
PEG
0.16
Since results
-12.8%
  • Profit +111% above its own trend
  • Operating margin expanded 476 bps YoY
  • Exceptional items of ₹-194 Cr in the quarter
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +12.2%+28.1% 1,7761,3861,583
Operating profit +26.2%+527.3% 759121601
OPM % +476 bps+3401 bps 42.7%8.7%38.0%
Other income -35.5%-63.3% 30.884.047.7
Net profit +68.6%from loss 469-13.0278
PAT margin % +884 bps+2734 bps 26.4%-0.9%17.6%
EPS (₹) +67.7%from loss 0.52-0.020.31

Quality of profit

Pre-tax profit ₹377 Cr: core business ₹540 Cr, other income ₹30.8 Cr, exceptional & other items −₹194 Cr.

Core profit YoY: +39.4% · reported profit +68.6%

Cash & debt

FY26 cash from operations ₹1,301 Cr: 288% of FY26 net profit of ₹451 Cr.

Borrowings ₹3,391 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,620₹1,776 +9.6% above
Net profit₹222₹469 +111.2% above
AI read of the filing Rs 468.84 Cr Net Profit in Q1 FY27; Revenue up 12% YoY Amidst Rs 8,573 Cr Legal Demand Watch
  • Consolidated Revenue from operations increased to Rs 1,775.70 cr, up 12.2% from Rs 1,583.16 cr in the previous year's corresponding quarter.
  • Net Profit grew 68.6% YoY to Rs 468.84 cr, despite an exceptional loss of Rs 193.63 cr recognized during the period.
  • The Department of Mines & Geology (DMG) has served demand notices totaling Rs 8,573.42 cr for alleged illegal sand extraction.
Full analysis →

Standouts so far

Biggest profit growth

  1. Gujarat Industries+174.8%
  2. Adani Energy+129.4%
  3. Jaiprakash Power+68.6%
  4. Adani Power+47.2%
  5. NTPC Green+38.3%

Biggest profit declines

  1. NLC India-48.0%
  2. CESC-45.5%
  3. JSW Energy-36.3%
  4. POWERGRID Infrastructure-3.1%
  5. SJVN-1.2%

Best price reaction

  1. NTPC Green+2.5%
  2. Gujarat Industries+1.8%
  3. POWERGRID Infrastructure+1.5%
  4. Clean Max-2.9%
  5. Tata Power-9.5%

Worst price reaction

  1. Adani Energy-26.3%
  2. RattanIndia Power-22.5%
  3. SJVN-19.5%
  4. NLC India-19.5%
  5. JSW Energy-17.9%

Among companies with a market cap of ₹1,000 Cr or more, so a tiny base does not top the list. Price reaction: last close against the close before the filing.

Reporting in the next three days

HCL Technologies (Mon 12 Oct), ICICI Prudential (Mon 12 Oct), RBL Bank (Mon 12 Oct), Swan Defence (Mon 12 Oct), Gujarat State (Mon 12 Oct), Swaraj Engines (Mon 12 Oct), Plastiblends India (Mon 12 Oct), UMIYA BUILDCON (Mon 12 Oct), Alkali Metals (Mon 12 Oct), Gradiente Infotainment (Mon 12 Oct), Agri-Tech (India) (Mon 12 Oct), Abhishek Integrations (Mon 12 Oct), Rudra Ecovation (Mon 12 Oct), Newtrac Foods (Mon 12 Oct), Inani Securities (Mon 12 Oct), Neil Industries (Mon 12 Oct), Adroit Industries (Mon 12 Oct), TYPHOON (Mon 12 Oct), UNIVARTS (Mon 12 Oct), VERONICAPRO (Mon 12 Oct), ICICI Prudential (Tue 13 Oct), Tata Elxsi (Tue 13 Oct), Transformers And Rectifiers (Tue 13 Oct), Anand Rathi (Tue 13 Oct) and 87 more. Full results calendar →

How to read this page

The numbers. Each card is one company's Q1 FY27 results as filed with NSE or BSE, read from the filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months). A swing between profit and loss is described in words: a percentage across it would mislead.

Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income, as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points (100 bps = 1 percentage point).

Quality of profit. Core profit is operating profit minus interest and depreciation: what the business itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more, and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net profit, since a fall in provisions can lift profit without the business growing.

Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead each company is measured against the path it was on: the same quarter last year, grown at the median of its last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales 5% or more above that, or net profit 10% or more above, is "above trend"; as far below is "below trend". It answers "was this quarter better or worse than the company's own recent run?", which consensus does not.

Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show its operating cash flow for the last financial year as a share of that year's net profit (flagged under 50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet against the one six months earlier (flagged at a 25% move). Balance sheets come with the September and March results, cash-flow statements with the March results.

Price since results. The latest close against the last close before the filing (a filing after 3:30 pm counts from the next session). It is a fact about the market's reaction, not advice.

Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150 (SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI