Viviana Power Tech Limited reported a 167% year-on-year surge in consolidated net profit to ₹52.73 crore for the financial year ended March 31, 2026, driven by a record revenue performance. Revenue from operations jumped 143% to ₹531.25 crore, crossing the ₹500 crore milestone for the first time, while EBITDA rose 136% to ₹75.91 crore. The Board of Directors approved the audited results at a meeting held on May 25, 2026.

The company’s operational performance was bolstered by the execution of prestigious power transmission and distribution projects. Management attributed the strong revenue figures to robust execution in March 2026 alone, which contributed ₹257.17 crore to the total revenue. The order book stood at over ₹950 crore, including opportunities related to Battery Energy Storage Systems (BESS), with a bidding pipeline worth ₹1,240 crore.

Strategic Developments

Viviana Power Tech received approval from the National Stock Exchange (NSE) to migrate its equity shares from the SME Platform (EMERGE) to the Main Board. The migration is contingent upon the submission of a formal listing application and the execution of a listing agreement. The in-principle approval, dated May 21, 2026, is valid for 45 days.

The Board has approved a ₹100 crore capex programme to establish a greenfield manufacturing facility near Vadodara. This facility will produce power transformers up to 400 kV, expandable to 765 kV, along with shunt reactors and substations. Production is expected to commence by the second half of FY28, targeting a segment revenue of ₹1,000–1,200 crore with a 9–10% PAT margin at full scale by FY32.

Financial Performance (Consolidated)

The company has set an internal goal of achieving ₹200 crore in consolidated PAT by FY30-31. The expansion transforms Viviana from a pure-play EPC contractor into a vertically integrated power transmission and distribution platform.

Viviana Power Tech Limited has successfully allotted 20,000 Senior, Secured, Listed, Rated, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The allotment was approved during the meeting of the Debenture Allotment Committee of the Board of Directors held on May 21, 2026. The total issue size aggregates to ₹20 crore, with each debenture holding a face value of ₹10,000.

The NCDs, issued under the name "12.00% Viviana Power May 2028", carry a coupon rate of 12% payable on a monthly basis. The tenure of the instrument is set at 24 months from the date of allotment, with maturity scheduled for May 21, 2028. Repayment of the principal will be structured in two equal installments payable at the end of the 21st and 24th months from the date of allotment.

Key Issue Details

The debentures are secured by a pari passu charge on receivables, ensuring a cover of 1.25x of the principal outstanding through hypothecation in favor of the Debenture Trustee. The company is required to create and perfect this security within 30 days from the date of investment. Failure to do so will attract an additional interest penalty of 2% per annum and provide debenture holders with an option for early redemption.

Listing and Ratings

The securities are proposed to be listed on the Negotiated Trade Reporting Platform under the New Debt Market segment of the National Stock Exchange (NSE). ACER Credit Rating Private Limited has assigned the issue a credit rating of ACER BBB with a stable outlook. The ISIN for the issued securities is INE0MEG07029.