Negative other income left Jaiprakash Power with Rs 10.46 cr pre-tax profit
Operating profit was Rs 656.54 cr, but negative other income and a tax credit shaped reported profit.
Filed 19 Oct 2026, 20:10 IST · after market close · Jaiprakash Power Ventures Ltd (JPPOWER)
Key takeaways
- A Rs 443.78 cr negative other-income item reduced consolidated profit before tax to Rs 10.46 cr despite operating profit of Rs 656.54 cr.
- The Rs 22.88 cr tax credit lifted net profit to Rs 33.34 cr, making reported earnings dependent on below-operating-line items.
- Operating margin was 43.42%, but interest, depreciation and negative other income left EPS at only Rs 0.04.
Price around the results
Operating earnings did not carry through
Jaiprakash Power generated consolidated operating profit of Rs 656.54 cr on revenue of Rs 1,512.12 cr, while expenses were Rs 855.58 cr. The main earnings conversion problem came below operating profit, rather than from the reported operating result.
Negative other income drove profit quality
Other income was negative at Rs 443.78 cr, while interest and depreciation added Rs 83.81 cr and Rs 118.49 cr of pressure below operating profit. The Rs 22.88 cr tax credit then lifted net profit above the Rs 10.46 cr pre-tax profit, resulting in EPS of Rs 0.04.
Results were filed after market close
The consolidated results were filed after market close, so there is no post-result stock reaction to assess yet. The key read-through is whether operating earnings can translate into pre-tax profit when below-operating-line items are volatile.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹1,512 cr |
| Other income | ₹-444 cr |
| Expenses | ₹856 cr |
| Operating profit | ₹657 cr |
| Operating margin (%) | 43.42% |
| Interest | ₹84 cr |
| Depreciation | ₹118 cr |
| Profit before tax | ₹10 cr |
| Tax | ₹-23 cr |
| Net profit | ₹33 cr |
| EPS (₹) | ₹0.04 |
What to watch
- Whether operating profit continues to translate into pre-tax profit after the Rs 443.78 cr negative other-income item.
- Whether the Rs 22.88 cr tax credit persists or reverses the gap between Rs 10.46 cr pre-tax profit and Rs 33.34 cr net profit.
- Whether EPS moves away from Rs 0.04 as interest, depreciation and other income change.