SJVN's Q2 FY 2025-26 Quarterly Results

Result Summary

• SJVN Ltd reported a 11.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 2.7%.
• Its expenses for the quarter were up by 19.4% QoQ and 24.5% YoY.
• The net profit increased 35.2% QoQ and decreased 30.0% YoY.
• The earnings per share (EPS) of SJVN Ltd stood at 0.78 during Q2 FY 2025-26.

Financial Statments for Q2 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, originally known as Satluj Jal Vidyut Nigam, is a prominent player in the energy sector, primarily involved in hydroelectric power generation. The company operates in India and is engaged in the development and operation of power projects including hydro, wind, and solar energy. As a state-owned entity, SJVN plays a significant role in contributing to the country's renewable energy targets. Recent developments for the company have included expansions into solar energy projects, aligning with global trends towards sustainable and renewable energy sources. However, specific recent developments are not available in the provided data.

Revenue

In Q2FY26, SJVN Ltd reported a total income of ₹1078.29 crores, which represents an 11.0% increase compared to the previous quarter (Q1FY26) where the total income stood at ₹971.59 crores. However, when compared to the same quarter in the previous year (Q2FY25), there is a decline of 2.7%, with the total income then being ₹1108.43 crores. This quarterly growth indicates a strong performance in the current period, contrasting with the year-over-year decline.

Profitability

The company's Profit Before Tax (PBT) for Q2FY26 was ₹450.60 crores, showing a 14.4% increase from Q1FY26's PBT of ₹393.83 crores. Despite this quarter-on-quarter growth, there was a significant year-over-year decline of 23.5% compared to Q2FY25, where the PBT was ₹588.67 crores. The Profit After Tax (PAT) for Q2FY26 was ₹307.80 crores, marking a 35.2% increase from the previous quarter's PAT of ₹227.58 crores but a 30.0% decrease from Q2FY25's PAT of ₹439.90 crores. The Earnings Per Share (EPS) followed a similar trend, increasing by 34.5% quarter-over-quarter to ₹0.78, while decreasing by 30.4% year-over-year from ₹1.12.

Operating Metrics

The total expenses for SJVN Ltd in Q2FY26 were ₹658.47 crores, which is a 19.4% increase from Q1FY26's expenses of ₹551.49 crores and a 24.5% increase from Q2FY25, where expenses were ₹528.88 crores. This indicates a rise in operational costs both on a quarter-over-quarter and year-over-year basis. The tax expense in Q2FY26 was ₹144.88 crores, which decreased by 7.7% from the previous quarter's tax of ₹156.94 crores and also saw a slight year-over-year decrease of 3.3% from Q2FY25's tax of ₹149.79 crores. The financial data reflects various shifts in income and expenses, impacting the overall profitability and operational efficiency of the company.