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
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Revenue: ₹917.45 crore, up 5.4% year-over-year (YoY) from ₹870.37 crore in Q1 FY25.
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Net Profit (PAT): ₹227.77 crore, down 36% YoY from ₹357.09 crore in Q1 FY25.
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EBITDA: ₹742.33 crore, up 11% YoY from ₹667.49 crore.
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EBITDA Margin: Improved to 80.9% from 76.7% YoY, reflecting operational efficiency.
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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
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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.
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Strong EBITDA margin expansion is positive amid cost pressures.
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SJVN continues to focus on expanding hydro power capacity alongside renewable energy projects to diversify its portfolio.
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The company emphasized maintaining cost controls while exploring growth opportunities in domestic and international renewable energy markets.
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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
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Revenue: Approximately ₹504 crore (standalone).
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Net Loss: ₹127.60 crore, reflecting some earlier challenges.
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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.