Mumbai: SJVN Limited, a Navratna public sector power company jointly owned by the Government of India (Ministry of Power) and the Government of Himachal Pradesh, has reported a strong financial performance for the second quarter of FY 2026-27, ended September 30, 2026. The company recorded a standalone net profit of ₹736.73 crore, while its consolidated net profit increased by approximately 112.9% year-on-year to ₹657.72 crore.
The financial results were approved by the company’s Board of Directors at its meeting held on October 30, 2026.
SJVN Standalone Q2 FY27 Financial Performance
During the September quarter, SJVN reported standalone total income of ₹1,526.85 crore. Profit before exceptional items and tax stood at ₹972.68 crore, while standalone net profit reached ₹736.73 crore.
The results reflect a significant improvement in the company’s standalone profitability during the quarter.
Read also: SJVN Board Approves Merger of STPL, Operator of 1,320 MW Buxar Thermal Power Plant
Consolidated Net Profit Increases 112.9% to ₹657.72 Crore
On a consolidated basis, SJVN recorded a net profit of approximately ₹657.72 crore in Q2 FY27, compared with ₹310 crore in the corresponding quarter of the previous financial year. This represents a year-on-year increase of approximately 112.9%.
The company’s consolidated total income stood at ₹2,290.31 crore during the quarter, while profit before exceptional items and tax was reported at ₹882.03 crore.
SJVN H1 FY27 Financial Performance
For the six months ended September 30, 2026, SJVN reported the following financial performance:
Standalone Performance:
- Total income stood at ₹2,321.71 crore.
- Net profit reached ₹983.61 crore.
Consolidated Performance:
- Total income stood at ₹3,719.09 crore.
- Net profit was ₹882.46 crore.
Key Factors Supporting SJVN’s Q2 Performance
The company’s financial performance was supported by higher power generation and favourable tariff adjustments.
A key contributor was the recognition of ₹242.59 crore relating to earlier years in revenue from operations. This amount was recognised following the receipt of the provisional tariff order for the 2024-29 period in respect of the Nathpa Jhakri Hydro Power Station (NJHPS).
The improved operational performance, supported by higher generation and tariff adjustments, contributed to the company’s quarterly results.
SJVN Standalone Balance Sheet as of September 30, 2026
The company’s standalone balance sheet position as of September 30, 2026, was as follows:
- Total Assets: ₹28,567.82 crore
- Net Worth: ₹15,553.85 crore
- Debt-Equity Ratio: 0.68
The limited review of the financial results was carried out by the company’s statutory auditors, Charanjit Singh & Associates.
About SJVN Limited
SJVN Limited is a Navratna Central Public Sector Enterprise under the Ministry of Power, Government of India. Established in 1988, the company was initially set up as a joint venture between the Government of India and the Government of Himachal Pradesh. SJVN operates across the power sector, with activities spanning hydropower, thermal power, solar energy, wind energy and power transmission, contributing to India’s energy security and clean energy transition.
