A consolidated net loss of ₹205 crore for FY27 Q2 marked a sharp reversal from the ₹239 crore profit recorded a year earlier. The loss pushed the stock up 2.17% to ₹1,625.80 on the NSE at market close.
Revenue from operations climbed 4.3% YoY to ₹3,563 crore, still trailing the CNBC‑TV18 poll of ₹3,646 crore. EBITDA fell 29.2% YoY to ₹493 crore, below the ₹552 crore estimate and widening the margin to 13.84% from 20.37% a year ago.
A ₹339 crore exceptional charge—primarily a ₹282 crore impairment of three captive power plants and a ₹57 crore employee separation scheme—drained profitability. The impairment reflects the shift to lower‑cost renewable assets and a discontinued brand.
Despite the loss, the board declared a ₹4 per equity share interim dividend, equivalent to 200% of the ₹2 face value. This move aimed to support shareholder returns amid a 23.9% YTD decline in the stock.
Market sentiment remains cautious; the shares have slid 4.4% over the last month. Analysts await the next earnings cycle to gauge whether the company can reverse the trend and restore profitability.