Divine Power FY26 PAT Jumps 177% on Strong Revenue
Divine Power Energy Limited announced robust financial results for FY26, with consolidated PAT surging 176.95% to INR 2,670.69 lakhs and revenue growing 26.30% to INR 62,596.02 lakhs. Standalone PAT also increased by 123.1% to INR 2,041.57 lakhs. The board approved auditor appointments, a new ESOP 2026, the acquisition of Wireonix Private Limited, and a private placement of INR 50 crore in NCDs carrying a 12% coupon rate.
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Divine Power Energy Limited has reported its audited financial results for the financial year ended March 31, 2026. The Board of Directors approved the results along with the appointment of auditors and several key corporate proposals in a meeting held on May 13, 2026.
Consolidated Financial Performance: FY26 vs FY25
The company delivered a strong set of consolidated results for FY26, with broad-based growth across all key financial metrics. Total consolidated revenue rose 26.30% year-on-year, while profitability indicators recorded even sharper gains, reflecting improved operational efficiency. The following table summarises the consolidated annual performance:
| Metric: | FY26 (INR Lakhs) | FY25 (INR Lakhs) | Growth (%) |
|---|---|---|---|
| Total Revenue: | 62,596.02 | 49,561.11 | +26.30% |
| EBITDA: | 5,243.16 | 2,293.41 | +128.62% |
| PAT: | 2,670.69 | 964.33 | +176.95% |
| EPS (INR): | 10.83 | 4.06 | +166.74% |
Consolidated EBITDA more than doubled, rising 128.62% from INR 2,293.41 lakhs in FY25 to INR 5,243.16 lakhs in FY26. Profit After Tax recorded the highest growth rate among all metrics, surging 176.95% to INR 2,670.69 lakhs compared to INR 964.33 lakhs in the previous year. Earnings Per Share on a consolidated basis climbed 166.74% to INR 10.83 from INR 4.06 in FY25.
Standalone Financial Performance: FY26 vs FY25
The standalone performance of Divine Power Energy also reflected significant improvement across revenue and profitability parameters during FY26. Standalone total revenue grew 21.8% year-on-year, while EBITDA and PAT posted substantial gains. The table below presents the standalone annual performance:
| Metric: | FY26 (INR Lakhs) | FY25 (INR Lakhs) | Growth (%) |
|---|---|---|---|
| Total Revenue: | 41,598.29 | 34,166.78 | +21.8% |
| EBITDA: | 3,869.48 | 2,015.63 | +91.97% |
| PAT: | 2,041.57 | 915.30 | +123.1% |
| EPS (INR): | 8.28 | 4.54 | +82.4% |
Standalone EBITDA nearly doubled, rising 91.97% from INR 2,015.63 lakhs in FY25 to INR 3,869.48 lakhs in FY26. Standalone PAT grew 123.1% to INR 2,041.57 lakhs from INR 915.30 lakhs in the prior year. Standalone EPS improved 82.4% to INR 8.28 compared to INR 4.54 in FY25.
Board Approvals and Corporate Actions
The Board approved the re-appointment of M/s. Sumit Bajaj and Associates as Secretarial Auditors, M/s. Pooja Verma & Co. as Cost Auditors, and M/s. Grover Isha & Co. as Internal Auditors for the financial year 2026-2027. Additionally, the Board approved the introduction of the "Divine Power Energy Limited Employee Stock Option Plan 2026" for eligible employees, subject to shareholder approval.
In a significant strategic move, the Board approved an investment in Wireonix Private Limited to acquire over 50% of its paid-up share capital, making it a subsidiary of the company. The acquisition cost is INR 1,56,000. Furthermore, the Board approved the issuance of 5,000 Non-Convertible Debentures (NCDs) of INR 1,00,000 each, aggregating to INR 50,00,00,000 on a private placement basis. The NCDs carry a coupon rate of 12% per annum, payable monthly, and have a tenure of up to 36 months.
Key Highlights
- Consolidated revenue grew 26.30% YoY to INR 62,596.02 lakhs in FY26
- Consolidated EBITDA surged 128.62% YoY to INR 5,243.16 lakhs
- Consolidated PAT jumped 176.95% YoY to INR 2,670.69 lakhs
- Consolidated EPS rose 166.74% YoY to INR 10.83
- Standalone revenue increased 21.8% YoY to INR 41,598.29 lakhs
- Standalone PAT grew 123.1% YoY to INR 2,041.57 lakhs
- Standalone EPS improved 82.4% YoY to INR 8.28
- NCD Issue: INR 50 crore via 5,000 NCDs at 12% coupon rate
- Acquisition: Investment in Wireonix Private Limited to make it a subsidiary
Historical Stock Returns for Divine Power Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.01% | -2.25% | -4.36% | +94.98% | +247.32% | +223.83% |
How will the acquisition of Wireonix Private Limited contribute to Divine Power Energy's revenue and profitability in FY27, and what synergies does the company expect from this subsidiary?
With the ₹50 crore NCD issuance at a 12% coupon rate, how will the increased debt obligation impact Divine Power Energy's future cash flows and balance sheet leverage?
Can Divine Power Energy sustain its exceptional PAT growth trajectory of 176.95% in FY27, given potential base effect challenges and rising interest costs from the NCD issuance?
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