India Power FY26 standalone net loss ₹22,975.79 lakh
June 01, 2026
India Power Corporation Limited reported a standalone net loss of ₹22,975.79 lakh for FY26, compared to a net profit of ₹422.45 lakh in FY25. Consolidated net profit stood at ₹1,281.36 lakh for the year ended March 31, 2026. The financial results were approved by the Resolution Professional Management Committee on May 30, 2026, following the suspension of the Board of Directors due to the initiation of the Corporate Insolvency Resolution Process (CIRP).
India Power Corporation Limited reported a standalone net loss of ₹22,975.79 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹422.45 lakh in the previous year. The standalone revenue from operations for FY26 stood at ₹64,702.01 lakh, an increase from ₹59,990.59 lakh in FY25. On a consolidated basis, the company reported a net profit of ₹1,281.36 lakh for FY26, with revenue from operations rising to ₹68,301.28 lakh from ₹62,037.39 lakh in the prior year. The financial results were approved by the Resolution Professional Management Committee on May 30, 2026, following the suspension of the Board of Directors due to the initiation of the Corporate Insolvency Resolution Process (CIRP).
The company is currently undergoing CIRP proceedings after the National Company Law Tribunal (NCLT), Hyderabad Bench, admitted an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) on May 15, 2026. Consequently, the powers of the Board of Directors have been suspended, and the management of the company vests with the Interim Resolution Professional (IRP), Ms. Medarametla Srinivasa Manoranjani. The IRP has stated that the financial statements have been prepared on a going concern basis, contingent upon continued support from financial and operational creditors and the submission of a viable resolution plan.
Statutory auditors M/s. SS Kothari Mehta & Co. LLP issued a qualified opinion on the standalone and consolidated financial results. The qualification primarily relates to an outstanding Electricity Duty liability of ₹19,200.51 lakh as per the Bengal Electricity Duty Act, 1935, the impact of which cannot be ascertained. Additionally, for the consolidated results, auditors highlighted concerns over receivables from Power Trust amounting to ₹19,970 lakh and loans amounting to ₹3,541.14 lakh, stating that necessary provisions have not been made and these amounts may not be recoverable. These qualifications led to an overstatement of profit before tax in the consolidated results.
The standalone financial results include an exceptional item of ₹24,530.87 lakh, representing a loss arising from the transfer of the non-regulated business to IPCL Power Limited, a wholly-owned subsidiary, via a slump sale effective June 28, 2025. The company stated that no dividend has been recommended for the financial year 2025-26 in view of the CIRP proceedings. The total standalone assets as of March 31, 2026, were reported at ₹1,57,327.45 lakh, while consolidated assets stood at ₹1,85,721.67 lakh.
Standalone Financial Performance
Particulars Year ended 31-03-2026 (Audited) Year ended 31-03-2025 (Audited) Revenue from operations ₹64,702.01 lakh ₹59,990.59 lakh Total Income ₹66,338.11 lakh ₹71,385.87 lakh Total Expenses ₹69,601.27 lakh ₹73,918.90 lakh Profit/(Loss) for the period (₹22,975.79 lakh) ₹422.45 lakh Earnings Per Share (Basic and Diluted) (₹1.46) ₹0.03
Consolidated Financial Performance
Particulars Year ended 31-03-2026 (Audited) Year ended 31-03-2025 (Audited) Revenue from operations ₹68,301.28 lakh ₹62,037.39 lakh Total Income ₹69,943.71 lakh ₹73,163.78 lakh Total Expenses ₹73,454.90 lakh ₹75,407.15 lakh Profit/(Loss) for the period ₹1,281.36 lakh ₹702.98 lakh Earnings Per Share (Basic and Diluted) ₹0.08 ₹0.04
India Power Corporation Limited has secured shareholder approval for the re-appointment of Mr. Anil Kumar Jha as an Independent Director for a second term of five years. The resolution, which commences on June 11, 2026, and concludes on June 10, 2031, was passed via a remote e-voting process that concluded on May 29, 2026. This decision occurs while the company is undergoing the Corporate Insolvency Resolution Process (CIRP) following an order by the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-1, dated May 15, 2026, which suspended the powers of the Board of Directors.
The special resolution received 99.86% assent from the votes polled. A total of 175 members participated in the remote e-voting, casting 386,046,139 votes. The approval was driven by the Public Non-Institutions category, which contributed 323,940,691 votes in favour. The Promoter and Promoter Group cast 61,580,741 votes in favour, while Public Institutions voted against the resolution with 517,807 votes.
Category Votes For Votes Against Total Votes Polled Promoter and Promoter Group 61,580,741 0 61,580,741 Public Institutions 0 517,807 517,807 Public Non-Institutions 323,940,691 6,900 323,947,591 Total 385,521,432 524,707 386,046,139
The remote e-voting process was facilitated by National Securities Depository Limited (NSDL). Mr. Mohan Ram Goenka, Partner of MR & Associates, served as the Scrutinizer to oversee the voting process. The record date for determining voting rights was April 24, 2026.
The company disclosed that the CIRP was initiated against India Power Corporation Limited by the State Bank of India (SBI) regarding a corporate guarantee for Meenakshi Energy Limited. Following the Supreme Court's remand of the matter in February 2025, the NCLT admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016. Consequently, the powers of the Board of Directors stand suspended and are exercised by the Interim Resolution Professional.
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The company is currently undergoing CIRP proceedings after the National Company Law Tribunal (NCLT), Hyderabad Bench, admitted an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) on May 15, 2026. Consequently, the powers of the Board of Directors have been suspended, and the management of the company vests with the Interim Resolution Professional (IRP), Ms. Medarametla Srinivasa Manoranjani. The IRP has stated that the financial statements have been prepared on a going concern basis, contingent upon continued support from financial and operational creditors and the submission of a viable resolution plan.
Statutory auditors M/s. SS Kothari Mehta & Co. LLP issued a qualified opinion on the standalone and consolidated financial results. The qualification primarily relates to an outstanding Electricity Duty liability of ₹19,200.51 lakh as per the Bengal Electricity Duty Act, 1935, the impact of which cannot be ascertained. Additionally, for the consolidated results, auditors highlighted concerns over receivables from Power Trust amounting to ₹19,970 lakh and loans amounting to ₹3,541.14 lakh, stating that necessary provisions have not been made and these amounts may not be recoverable. These qualifications led to an overstatement of profit before tax in the consolidated results.
The standalone financial results include an exceptional item of ₹24,530.87 lakh, representing a loss arising from the transfer of the non-regulated business to IPCL Power Limited, a wholly-owned subsidiary, via a slump sale effective June 28, 2025. The company stated that no dividend has been recommended for the financial year 2025-26 in view of the CIRP proceedings. The total standalone assets as of March 31, 2026, were reported at ₹1,57,327.45 lakh, while consolidated assets stood at ₹1,85,721.67 lakh.
Standalone Financial Performance
Particulars Year ended 31-03-2026 (Audited) Year ended 31-03-2025 (Audited) Revenue from operations ₹64,702.01 lakh ₹59,990.59 lakh Total Income ₹66,338.11 lakh ₹71,385.87 lakh Total Expenses ₹69,601.27 lakh ₹73,918.90 lakh Profit/(Loss) for the period (₹22,975.79 lakh) ₹422.45 lakh Earnings Per Share (Basic and Diluted) (₹1.46) ₹0.03
Consolidated Financial Performance
Particulars Year ended 31-03-2026 (Audited) Year ended 31-03-2025 (Audited) Revenue from operations ₹68,301.28 lakh ₹62,037.39 lakh Total Income ₹69,943.71 lakh ₹73,163.78 lakh Total Expenses ₹73,454.90 lakh ₹75,407.15 lakh Profit/(Loss) for the period ₹1,281.36 lakh ₹702.98 lakh Earnings Per Share (Basic and Diluted) ₹0.08 ₹0.04
India Power Corporation Limited has secured shareholder approval for the re-appointment of Mr. Anil Kumar Jha as an Independent Director for a second term of five years. The resolution, which commences on June 11, 2026, and concludes on June 10, 2031, was passed via a remote e-voting process that concluded on May 29, 2026. This decision occurs while the company is undergoing the Corporate Insolvency Resolution Process (CIRP) following an order by the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-1, dated May 15, 2026, which suspended the powers of the Board of Directors.
The special resolution received 99.86% assent from the votes polled. A total of 175 members participated in the remote e-voting, casting 386,046,139 votes. The approval was driven by the Public Non-Institutions category, which contributed 323,940,691 votes in favour. The Promoter and Promoter Group cast 61,580,741 votes in favour, while Public Institutions voted against the resolution with 517,807 votes.
Category Votes For Votes Against Total Votes Polled Promoter and Promoter Group 61,580,741 0 61,580,741 Public Institutions 0 517,807 517,807 Public Non-Institutions 323,940,691 6,900 323,947,591 Total 385,521,432 524,707 386,046,139
The remote e-voting process was facilitated by National Securities Depository Limited (NSDL). Mr. Mohan Ram Goenka, Partner of MR & Associates, served as the Scrutinizer to oversee the voting process. The record date for determining voting rights was April 24, 2026.
The company disclosed that the CIRP was initiated against India Power Corporation Limited by the State Bank of India (SBI) regarding a corporate guarantee for Meenakshi Energy Limited. Following the Supreme Court's remand of the matter in February 2025, the NCLT admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016. Consequently, the powers of the Board of Directors stand suspended and are exercised by the Interim Resolution Professional.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.
We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.
Disclaimer:
The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.
This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.
The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.
We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.
This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.
By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.
We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.