Viviana Power profit jumps 206.99% QoQ as costs outpace revenue
Operating margin narrowed 1.06 percentage points as expenses grew faster than revenue, while other income contributed 24.74% of pre-tax profit.
Filed 02 Nov 2026, 20:01 IST · after market close · Viviana Power Tech Ltd (VIVIANA)
Key takeaways
- Consolidated net profit rose +206.99% QoQ to Rs 18.45 cr, while revenue grew +161.18% to Rs 189.07 cr.
- Expenses grew faster than revenue at +164.47%, narrowing operating margin by 1.06 percentage points to 14.64%.
- Other income contributed 24.74% of pre-tax profit, making the quarter's earnings quality an important consideration.
Price around the results
Profit growth outpaced revenue in Q2FY27
Viviana Power Tech reported consolidated net profit growth of +206.99% QoQ, ahead of revenue growth of +161.18%. Profit before tax rose +205.53%, but the increase was supported partly by other income, which reached 24.74% of pre-tax profit.
Faster cost growth cut the operating margin
Expenses grew +164.47% QoQ, faster than revenue at +161.18%, so operating margin narrowed by 1.06 percentage points to 14.64%. Interest expense also rose +117.68%, adding pressure below operating profit. The tax rate eased by 0.35 percentage points to 27.43%, providing a modest lift to net profit.
Margin remains above the reported Industrials peer median
Viviana Power's 14.64% operating margin was 3.11 percentage points above the 11.53% median for the 88 Industrials peers that had reported the same quarter. The sequential comparison shows margin moderation rather than expansion, with no year-on-year comparison provided.
Results were filed after market close
The consolidated results were filed after market close on 02 Nov 2026. The stock's immediate reaction is therefore not covered here.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹189 cr | ₹72 cr | +161.18% |
| Other income | ₹6 cr | ₹1 cr | +583.70% |
| Expenses | ₹161 cr | ₹61 cr | +164.47% |
| Operating profit | ₹28 cr | ₹11 cr | +143.54% |
| Operating margin (%) | 14.64% | 15.70% | — |
| Interest | ₹8 cr | ₹4 cr | +117.68% |
| Depreciation | ₹0 cr | ₹0 cr | +72.22% |
| Profit before tax | ₹25 cr | ₹8 cr | +205.53% |
| Tax | ₹7 cr | ₹2 cr | +201.73% |
| Net profit | ₹18 cr | ₹6 cr | +206.99% |
| EPS (₹) | ₹18.12 | ₹5.94 | +205.05% |
Operating margin of 14.64% compares with a Industrials sector median of 11.53% across 88 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 14.64% after the 1.06 percentage-point sequential decline.
- Whether expenses continue to grow faster than revenue after rising +164.47% versus revenue growth of +161.18%.
- Whether other income remains a material contributor after accounting for 24.74% of pre-tax profit.