Viviana Power Tech profit triples in Q1FY27; approves subsidiary sales
Viviana Power Tech Limited reported a standalone net profit of ₹69.33 million for Q1FY27, up 232% from ₹20.88 million in Q1FY26, as revenue surged 246% to ₹718.63 million. The Board approved the sale of its stakes in subsidiaries Viviana Life Spaces and Aarsh Transformers to focus on core power transmission business.
*this image is generated using AI for illustrative purposes only.
Viviana Power Tech Limited reported a standalone net profit of ₹69.33 million for Q1FY27, a 232% increase from ₹20.88 million in the same period last year, driven by a surge in revenue from operations to ₹718.63 million from ₹207.81 million. Consolidated net profit attributable to owners of the parent company rose to ₹60.17 million from ₹32.66 million year-on-year. Alongside the strong financial performance, the Board of Directors approved the disinvestment of the company’s entire shareholding in its two subsidiaries, Viviana Life Spaces Private Limited and Aarsh Transformers Private Limited, aiming to streamline operations and focus on core power transmission activities.
The Board meeting held on August 4, 2026, reviewed the limited review report issued by statutory auditors Mukund & Rohit, Chartered Accountants. The filing was made pursuant to Regulations 30, 33, 52, and 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Management highlighted that the strategic restructuring will allow the company to realign resources away from non-core real estate ventures and bring transformer manufacturing directly under its operational umbrella for better integration.
Q1FY27 Financial Performance
Viviana Power Tech demonstrated significant scale-up in its operations during the quarter. Standalone revenue from operations grew by 245.7% year-on-year, while consolidated revenue increased by 129.1% to ₹723.91 million. Despite the revenue surge, the standalone operating margin contracted slightly to 16.08% from 16.75% in Q1FY26, indicating that operating costs scaled alongside revenues. Consolidated operating margin stood at 15.71%, down from 20.38% in the prior-year period.
| Metric: | Standalone Q1FY27 | Standalone Q1FY26 | Consolidated Q1FY27 | Consolidated Q1FY26 |
|---|---|---|---|---|
| Revenue from Operations: | ₹718.63 million | ₹207.81 million | ₹723.91 million | ₹316.84 million |
| Net Profit: | ₹69.33 million | ₹20.88 million | ₹60.17 million* | ₹32.66 million* |
| Operating Margin: | 16.08% | 16.75% | 15.71% | 20.38% |
| Earnings Per Share (Basic): | ₹6.85 | ₹2.08 | ₹5.94 | ₹3.15 |
*Consolidated net profit figures represent profit attributable to owners of the parent company.
Strategic Disinvestment Plans
The company announced the proposed sale of its 90% stake in Viviana Life Spaces Private Limited and its 75% stake in Aarsh Transformers Private Limited. Viviana Life Spaces, engaged in real estate, contributed negligible revenue of ₹1.05 lakh to the consolidated turnover in FY26. Its stake is being acquired by Mrs. Priyanka Richi Choksi, a promoter of Viviana Power Tech, at arm’s length based on a valuation report.
Conversely, Aarsh Transformers, which contributed ₹92.92 lakh (1.75%) to consolidated revenue in FY26, is being sold to Mrs. Renu Sakrani, an external buyer. The management stated that this move facilitates better operational integration by undertaking transformer manufacturing directly within the parent company’s business operations. The transactions are expected to be completed by December 31, 2026, subject to regulatory approvals.
Segment Analysis and Debt Compliance
Under Ind AS 108, the company reports three segments: Erection/Installation of T&D lines, Real Estate, and Manufacturing of Transformers. The core T&D segment generated ₹718.63 million in revenue with a segment result of ₹113.65 million before finance costs. The transformer segment reported a loss of ₹0.74 million, while real estate yielded ₹1.03 million.
The company remains compliant with its debt covenants. Statutory auditors certified that the book value of assets provided as security for listed secured Non-Convertible Debentures (NCDs) stands at ₹1,794.35 million, primarily comprising trade receivables. This provides a security cover ratio of 1.25 times against the outstanding NCD amount of ₹450.00 million. There were no deviations in the utilization of proceeds from the ₹250 million and ₹200 million NCD issues raised in March and April 2026, respectively.
Historical Stock Returns for Viviana Power Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +0.32% | +0.29% | -7.04% | -40.68% | +578.21% |
How will the direct integration of transformer manufacturing under the parent company impact Viviana Power Tech's gross margins and supply chain efficiency in subsequent quarters?
What are the specific regulatory hurdles or timelines expected for the sale of Aarsh Transformers to an external buyer, and could any delays affect the December 2026 completion target?
Given the contraction in standalone operating margins despite a 245% revenue surge, what specific cost drivers are scaling disproportionately, and does management have a roadmap to restore margin levels to pre-Q1FY26 standards?
20
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
