SJVN Q1 FY26 Earnings Results

SJVN (Satluj Jal Vidyut Nigam) is engaged in the business of Electricity generation. The company is also engaged in the business of providing consultancy for hydro-power projects. SJVN was declared Navaratna status in Aug,24. Presenting below are its Q1 FY26 earnings results.

 

Q1 FY26 Earnings Results

• Revenue: ₹917.45 crore, up 5.4% year-over-year (YoY) from ₹870.37 crore in Q1 FY25.

• Net Profit (PAT): ₹227.77 crore, down 36% YoY from ₹357.09 crore in Q1 FY25.

• EBITDA: ₹742.33 crore, up 11% YoY from ₹667.49 crore.

• EBITDA Margin: Improved to 80.9% from 76.7% YoY, reflecting operational efficiency.

• Total Expenses: Increased, largely due to higher other costs including deferred tax (₹79.46 crore vs ₹21.26 crore previous year).

 

Key Management Commentary & Strategic Highlights

• Management noted the topline growth due to improved power generation and higher realizations, but profit was impacted by rising operational expenses and higher deferred tax provisions.

• Strong EBITDA margin expansion is positive amid cost pressures.

• SJVN continues to focus on expanding hydro power capacity alongside renewable energy projects to diversify its portfolio.

• The company emphasized maintaining cost controls while exploring growth opportunities in domestic and international renewable energy markets.

• Outlook remains cautious with challenges from cost structure but optimistic on medium-term growth backed by the healthy order book and increasing power demand.

 

 

Q4 FY25 Earnings Results

• Revenue: Approximately ₹504 crore (standalone).

• Net Loss: ₹127.60 crore, reflecting some earlier challenges.

• The Q1 FY26 consolidated performance shows a recovery from Q4 but with margin pressures affecting overall profitability.

 

To view the company’s previous earnings and latest concall transcripts, click here  to visit the Alphastreet India news channel.