Synopsis:
SJVN Ltd jumped sharply after reporting a staggering 82% increase in revenue and a turnaround to profitability from its previous quarter.
The shares of this PSU major jumped 6 percent on Monday after reporting a robust quarterly performance. However, on a YoY basis, revenue and net profit upset the investors. As of June 2025, the President of India holds a 55 percent stake in the company.
With a market capitalization of Rs 38,374 crore, the shares of SJVN Ltd are currently trading at Rs 97.6 per share, representing a decline of 34 percent from its 52-week high of Rs 148.85 per share. Over the past five years, the stock has delivered a robust return of 341 percent.
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Q1 Highlights
SJVN’s revenue for Q1 FY26 came in at Rs 917 crore, registering a 5.4 percent growth from Rs 870 crore in the same quarter last year. Additionally, on a sequential basis, revenue increased by 82 percent from Rs 504 crore in Q4 FY25. During the period, the company saw its revenue from hydro power increase to Rs 801.05 crore, up from Rs 795.15 crore during the same time last year.
On a brighter note, revenue from renewable energy sources like wind and solar skyrocketed, more than doubling to Rs 115.62 crore from Rs 55.83 crore. However, revenue from power trading took a hit, falling to just Rs 78 lakh compared to Rs 19.39 crore a year earlier.
Coming to its profitability, the company reported a net profit decline of 36 percent to Rs 228 crore in Q1 FY26 as compared to Rs 357 crore in Q1 FY25. However, on a QoQ basis, it was a sharp turnaround from a loss of Rs 128 crore.
SJVN Limited, along with its subsidiaries, is actively involved in generating and selling electricity both in India and internationally. Their operations cover a wide range of energy sources, including hydro, thermal, wind, and solar power, as well as power transmission.
The company operates significant hydro power stations in Himachal Pradesh and Uttarakhand, and it has wind and solar projects in states like Maharashtra, Gujarat, and Uttar Pradesh. Additionally, SJVN manages a cross-border transmission line connecting India and Nepal, and they provide consultancy, project management, and power trading services.
Written by Satyajeet Mukherjee
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