Jaiprakash Power shares surge 8% after Q1 profit jumps 69%, revenue rises 12% YoY

Jaiprakash Power Ventures shares rallied as much as 8.4% on Tuesday, hitting an intraday high of Rs 18.32, after the company reported robust earnings for the June quarter (Q1FY27).

Strong growth in both revenue and profit, coupled with a return to profitability on a sequential basis, boosted investor sentiment.The company reported consolidated revenue from operations of Rs 1,775.70 crore for the June 2026 quarter, registering a 12.2% year-on-year (YoY) increase from Rs 1,583.16 crore in the corresponding quarter last year.

Sequentially, revenue climbed 28.1% from Rs 1,386.43 crore reported in the March quarter.Consolidated net profit surged 68.6% YoY to Rs 468.84 crore, compared with Rs 278.13 crore in the year-ago period.

The company also returned to profitability on a quarter-on-quarter basis after posting a net loss of Rs 13.37 crore in the preceding quarter.The company's core power segment remained the primary driver of revenue growth.Stock performanceDespite Tuesday's sharp rally, Jaiprakash Power's stock has delivered a mixed performance across different timeframes.

The stock has declined around 6% over the past three months and is down nearly 17% over the last year.

However, it has generated impressive long-term returns, surging about 198% over the past three years.The company currently commands a market capitalisation of Rs 11,582 crore.

Its 52-week high stands at Rs 24.45, while the 52-week low is Rs 13.14.Technical indicatorsFrom a technical perspective, the stock's 14-day Relative Strength Index (RSI) stands at 38.8.

An RSI reading below 30 is generally considered oversold, while a reading above 70 indicates overbought conditions.The stock also continues to exhibit positive technical momentum, trading above seven of its eight simple moving averages (SMAs), suggesting an underlying bullish trend.Institutional investors raise stakeInstitutional investors increased their exposure to the company during the June 2026 quarter.

Foreign Institutional Investors (FIIs) raised their stake to 6.75% from 6.58% in the previous quarter, while mutual funds increased their holdings to 0.48% from 0.41%.The promoters' pledged shareholding remained unchanged at 72.99% of their holdings during the June 2026 quarter, while their overall stake in the company stood at 24%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.

These do not represent the views of Economic Times) ...