Jaiprakash Power Ventures Share Price in Focus on May 5: Q4 FY26 Results Show Lower Profit

Jaiprakash Power Ventures Limited reported its audited financial results for FY26, highlighting a significant decline in profitability. The company’s standalone net profit fell to ₹44,152 lakhs in FY26, compared to ₹81,073 lakhs in FY25.

On a quarterly basis, the company reported a standalone net loss of ₹2,335 lakhs in Q4 FY26, against a profit of ₹15,549 lakhs in the corresponding quarter last year.

At the consolidated level, net profit stood at ₹45,063 lakhs in FY26, down from ₹81,355 lakhs in FY25, indicating overall pressure on earnings performance.

Auditor Observations and Key Concerns

The auditors issued modified opinions on the financial statements, highlighting multiple areas of concern:

• Recognition of MAT credit amounting to ₹26,596 lakhs
• Pending Corporate Insolvency Resolution Process (CIRP) application by NARCL
• Recompense claim of ₹5,69,651 lakhs raised by ICICI Bank

These factors indicate potential financial and legal uncertainties that may impact the company’s future performance.

Corporate Guarantee and Insolvency Developments

The company had extended a corporate guarantee of USD 1,500 lakhs to State Bank of India for loans provided to Jaiprakash Associates Limited (JAL).

JAL was admitted into CIRP following an order by the National Company Law Tribunal (NCLT) on June 3, 2024. Subsequently, SBI assigned its exposure to the National Asset Reconstruction Company Limited (NARCL).

A resolution plan submitted by Adani Enterprises Limited received approval from the Committee of Creditors in November 2025 and was later cleared by NCLT in March 2026.

Meanwhile, an application filed by NARCL to initiate CIRP against Jaiprakash Power Ventures remains pending before NCLT. The company has stated that the financial impact of this development is currently unascertainable and no provisions have been made.

Jaiprakash Power Ventures Share Price in Focus

Shares of Jaiprakash Power Ventures Limited were trading at ₹18.23 on May 5, 2026, down ₹0.83 or 4.35% from the previous close of ₹19.06.

Read More: Jaiprakash Associates Reports Loan Default Disclosure for February 2026.

Conclusion

Jaiprakash Power Ventures’ FY26 results highlight a sharp decline in profitability along with emerging risks linked to insolvency proceedings and auditor observations. 

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