Viviana Power Tech Limited — Results, 09-08-2025: Integrated Filing- Financial

Viviana Power Tech's financial results for the quarter ended June 30, 2025, show a mixed performance, indicating strong year-on-year growth from a lower base but a notable quarter-on-quarter decline.

1) **Revenue Performance:** Total revenue from operations stood at ₹31.68 Cr, a significant ~411% increase compared to ₹6.22 Cr in Q1 FY24. However, it saw a ~76% decline from Q4 FY25's ₹131.73 Cr. Growth drivers include EPC projects for power transmission/distribution, manufacturing of transformers, and a minor contribution from real estate.

2) **Profitability and EPS:** Net Profit was ₹3.27 Cr, soaring ~627% from ₹0.45 Cr in Q1 FY24. Earnings Per Share (Basic) was ₹5.04. The profit margin improved YoY to 10.32% from 7.23%. However, profit saw a ~72% QoQ decline from ₹11.85 Cr in Q4 FY25.

3) **Operational Costs:** Employee benefit expenses showed efficiency, decreasing YoY to ₹0.48 Cr despite revenue growth. However, financial costs rose to ₹1.71 Cr, and other expenses increased to ₹9.15 Cr, indicating higher operational leverage or project-specific costs.

4) **Key Metrics:** The EPC segment for power transmission/distribution remains the primary revenue contributor, complemented by the Manufacturing of Transformers.

5) **Balance Sheet / Cash Flow Health:** The company received ₹19.96 Cr from a preferential issue of shares and warrants, but these funds remain largely unutilized (₹19.16 Cr from equity, ₹0.80 Cr from warrants) for their stated purposes like working capital and expansion. This suggests strong liquidity but also indicates plans are yet to be actioned.

7) **Final Takeaway:** Viviana Power Tech's Q1 FY26 results reflect robust YoY expansion, possibly from new projects or increased scale. However, the substantial QoQ decline suggests potential seasonality or lumpiness in project-based revenue. Unutilized capital from the preferential issue bears watching for future deployment plans.