SJVN Limited announced its financial results for the quarter ended December 31, 2025, along with key corporate decisions including interim dividend declaration and fund raising approvals. The Board of Directors meeting held on February 11, 2026, approved multiple significant resolutions under SEBI Listing Regulations.

Financial Performance Overview

The company delivered strong financial performance in Q3 FY26 across both standalone and consolidated operations. Key financial metrics demonstrate robust operational efficiency and profitability improvements.

Nine Months Performance

For the nine months ended December 31, 2025, SJVN demonstrated consistent growth momentum with substantial revenue increases and maintained profitability.

Corporate Actions and Fund Raising

The Board of Directors approved several important corporate decisions during the meeting. The company declared an interim dividend of ₹1.15 per equity share for the financial year 2025-26, with the record date fixed as February 20, 2026. The dividend will be paid within the statutory period as prescribed under the Companies Act, 2013.

Additionally, the board approved raising funds up to ₹1,000 crore through issuance of unsecured, rated, taxable, redeemable, non-convertible, non-cumulative debentures on private placement basis. This fund raising initiative will support the company's expansion and operational requirements.

Revenue Composition and Operations

SJVN's revenue streams include hydro power generation, renewable energy, and power trading activities. For Q3 FY26, hydro power contributed ₹835.24 crore to standalone revenue, while renewable energy (wind and solar) added ₹6.28 crore. The company received ₹173.95 crore relating to earlier years from tariff order truing-up for the period 2019-24 in respect of Rampur Hydro Power Station.

Key Financial Ratios

The company maintained healthy financial ratios demonstrating strong operational performance and financial stability.

Project Developments

During the quarter, SJVN Green Energy Limited achieved commercial operation in phases for the 1,000 MW Bikaner Solar Power Project, contributing ₹62.42 crore to consolidated revenue. The group also commissioned one unit of 660 MW out of two units aggregating 1,320 MW of the Buxar Thermal Power Project, with ₹124.75 crore provisionally recognised as unbilled revenue.

The Devasari Hydro Electric Project remains on hold pursuant to Ministry of Power directions, with the matter scheduled for Supreme Court hearing on May 20, 2026. The company has incurred ₹251.28 crore on this project up to December 31, 2025.

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SJVN has successfully commenced operations of its 70 MW solar power project in Dhubri, Assam. This milestone marks another significant achievement in the company's renewable energy expansion strategy across India.

Project Overview

The Dhubri solar power project represents a substantial addition to SJVN's growing renewable energy portfolio. The facility is now operational and contributing to the regional power grid in Assam.

Strategic Significance

The successful commissioning of the Dhubri solar project underscores SJVN's commitment to expanding its renewable energy footprint across different states in India. This development aligns with the company's strategy to diversify its energy portfolio beyond traditional hydroelectric power generation.

The project's location in Assam strengthens SJVN's presence in the northeastern region of India, contributing to the area's energy security and supporting the national renewable energy targets. The 70 MW capacity addition enhances the overall solar power generation capability in the state.

Operational Impact

With the Dhubri project now operational, SJVN continues to demonstrate its technical expertise in developing and commissioning renewable energy projects across various geographical locations. The successful start of operations reflects the company's project execution capabilities and its ability to deliver clean energy solutions.