SJVN's Q1 FY 2025-26 Quarterly Results

Result Summary

• SJVN Ltd reported a 69.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 1.4%.
• Its expenses for the quarter were down by 9.1% QoQ and up 15.8% YoY.
• The net profit increased 272.6% QoQ and decreased 36.3% YoY.
• The earnings per share (EPS) of SJVN Ltd stood at 0.6 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

SJVN Ltd, established as a joint venture between the Government of India and the Government of Himachal Pradesh, is primarily engaged in the business of hydroelectric power generation. The company plays a significant role in India's energy sector, focusing on harnessing renewable energy sources like hydro, wind, and solar. SJVN Ltd operates major hydroelectric power plants and has ventured into thermal and wind energy projects. The company is recognized for its commitment to sustainable energy solutions and has an expanding portfolio that includes several ongoing projects aimed at increasing its energy production capacity. Recent developments include SJVN's strategic initiatives to diversify its energy portfolio and enhance its presence in the renewable energy market.

Revenue

For the first quarter of FY26, SJVN Ltd reported a total income of ₹971.59 crores, which represents a significant quarter-over-quarter (QoQ) increase of 69.5% compared to ₹573.23 crores in Q4FY25. This rise in total income also marks a modest year-over-year (YoY) growth of 1.4% compared to ₹958.47 crores in Q1FY25. The company's revenue growth can be attributed to its strategic focus on expanding its energy generation capacity and exploring new market opportunities within the renewable energy sector. Despite fluctuations in market conditions, SJVN Ltd has demonstrated resilience in maintaining a steady revenue stream.

Profitability

SJVN Ltd recorded a profit before tax of ₹393.83 crores in Q1FY26, reflecting a substantial QoQ increase of 587.3% from ₹57.30 crores in the previous quarter, Q4FY25. However, this figure represents a YoY decline of 14.6% from ₹460.89 crores in Q1FY25. The company's tax expense for Q1FY26 amounted to ₹156.94 crores, a significant rise compared to the negative tax of ₹-2.86 crores in Q4FY25 and an increase from ₹104.70 crores in Q1FY25, marking a YoY growth of 49.9%. The profit after tax for the quarter stood at ₹227.58 crores, indicating a QoQ increase of 272.6%, yet a YoY decrease of 36.3% from ₹357.09 crores in Q1FY25. Earnings per share (EPS) in Q1FY26 were ₹0.60, showing a QoQ improvement of 200.0% compared to Q4FY25's ₹0.20, but a YoY decline of 33.3% from ₹0.90 in Q1FY25.

Operating Metrics

During Q1FY26, SJVN Ltd's total expenses were reported at ₹551.49 crores, reflecting a decrease of 9.1% compared to ₹606.60 crores in Q4FY25. On a YoY basis, total expenses increased by 15.8% from ₹476.39 crores in Q1FY25. This quarter's financial data suggests operational efficiency improvements, with a reduction in expenses contributing positively to the company's financial position. The company's financial performance, as indicated by these metrics, highlights its ability to manage operational costs effectively while navigating the challenges of the energy sector.