SJVN Limited , a joint venture between the Government of India and the Government of Himachal Pradesh, has reported mixed financial results for the first quarter, showing revenue growth alongside a significant decline in net profit.

Financial Performance

SJVN reported quarterly standalone revenue of ₹822.44 crore, declining 1.10% year-over-year, while standalone net profit fell 20.90% to ₹258.51 crore. On a consolidated basis, revenue grew 5.40% to ₹917.45 crore, but net profit dropped significantly by 36.30% to ₹227.58 crore.

Revenue Breakdown and Operational Highlights

The company's revenue stream showed diversification:

• Hydro power generation remained the primary contributor, with revenue increasing 2.70% to ₹801.05 crore.
• Renewable energy (wind and solar) saw significant growth, with revenue increasing 21.90% to ₹19.12 crore.
• SJVN commissioned 501.02 MW of its 1000 MW Bikaner Solar Project during the quarter, generating ₹32.99 crore in revenue.

Financial Position

The company's standalone net worth increased to ₹14,537.71 crore with an improved debt-equity ratio of 0.72x. However, the Devasari Hydro Electric Project remains on hold, with ₹199.21 crore expenditure carried as capital work in progress.

Management Changes

The board appointed Shri Vivek Bhatnagar as Chief Internal Auditor.

Outlook

Despite the short-term decline in profitability, SJVN's strategic investments in renewable energy projects, particularly solar power, indicate a clear focus on future growth and sustainability. The company's ability to navigate the transition while maintaining financial stability will be crucial in the coming quarters.

SJVN Ltd., a state-owned power generation company, is set to release its quarterly results for the first quarter of fiscal year 2026 on Monday, August 11. The announcement comes as the company's stock faces significant pressure in the market.

Trading Window Closure

In line with regulatory requirements, SJVN's trading window has been closed since July 1 and will remain shut until August 13, two days after the results announcement. This temporary closure is a standard practice to prevent insider trading and ensure fair disclosure of financial information.

Previous Quarter Performance

The upcoming results will be closely watched by investors, especially considering the company's performance in the previous quarter. In that period, SJVN reported:

• Consolidated revenue of ₹504.00 crore, marking a 4.50% year-on-year increase
• A net loss of ₹127.60 crore, contrasting with a profit of ₹61.00 crore in the same period last year

Stock Performance

SJVN's stock has been under considerable pressure, reflecting broader market sentiments and company-specific factors:

The significant stock price decline over the past year highlights the challenges faced by the company and the power generation sector as a whole.

Investors and analysts will be keenly analyzing the upcoming Q1 FY26 results to gauge SJVN's financial health, operational performance, and future outlook. The results may provide insights into the company's ability to address recent financial challenges.