SJVN Ltd, a public sector hydropower company under the Ministry of Power, has declared a final dividend of ₹0.31 per equity share (3.1% of face value ₹10) for the financial year 2024–25, despite reporting a net loss of ₹127.6 crore in the fourth quarter (Q4 FY25).
In a regulatory filing on Thursday, the company stated, “Recommended a final dividend of Re 0.31 per equity share for FY 2024-25, subject to the approval of shareholders in the ensuing Annual General Meeting.”
The record date for dividend eligibility has not yet been announced and will be communicated in due course. The dividend will be paid within the statutory period under the Companies Act, 2013.
Q4 FY25 Results: Profit Turns to Loss
SJVN reported a net loss of ₹127.6 crore for the January–March 2025 quarter, a sharp reversal from a net profit of ₹61 crore in the same period last year. The loss is largely attributed to the absence of an exceptional gain — SJVN had booked an exceptional gain of ₹103.84 crore in Q4 FY24 — and higher operating expenses this year.
Revenue Growth Led by Renewables
The company’s revenue from operations rose 4.5% YoY to ₹504 crore, up from ₹483 crore in Q4 FY24. Notably, income from renewable energy (wind and solar) jumped to ₹67.5 crore, up from ₹28 crore a year earlier — indicating steady traction in the company’s green energy initiatives.
EBITDA and Margins Under Pressure
SJVN reported a marginal EBITDA growth of 0.4% YoY to ₹241 crore, with EBITDA margins narrowing to 47.8% from 49.7% last year. The drop reflects increased expenditure impacting operating efficiency.
Full-Year Performance: 10% Drop in Profit
For the full fiscal year FY25, net profit declined 10% to ₹818 crore, down from ₹911 crore in FY24. The dip came despite revenue growth, due to higher costs and absence of one-time income gains that boosted previous year figures.
SJVN’s Strategy Amid Challenges
Despite the financial setback in Q4, SJVN’s dividend declaration signals confidence in long-term fundamentals and commitment to shareholder returns. The PSU continues to invest in expanding its renewable energy portfolio, aligning with India’s green energy goals.
Read Also: SJVN’s 100 MW Solar Project in Bikaner Launched by Prime Minister Modi – Full Deatils Inside
About SJVN
SJVN, formerly known as Satluj Jal Vidyut Nigam, is a joint venture between the Government of India and the Government of Himachal Pradesh. Incorporated in 1988, it currently operates 1,972 MW of hydropower capacity across its Nathpa Jhakri, Rampur, and Naitwar Mori projects and is rapidly expanding into solar and energy storage segments to support India’s clean energy goals.
