New Delhi: SJVN Limited, a Navratna CPSE jointly owned by the Government of India and Government of Himachal Pradesh, has announced its audited standalone financial results for the year ended 31 March 2026.
The company reported a Profit After Tax (PAT) of ₹1,007.90 crore, marking a 3.9% year-on-year growth compared to ₹970.18 crore in the previous year.
Profit Before Tax (PBT) rose sharply by 25.7% to ₹1,629.85 crore, reflecting improved operational performance and higher revenues.
Revenue Surges 22% to ₹3,545 Crore
SJVN recorded strong growth in its top line during FY26:
- Revenue from Operations: ₹3,544.52 crore (up 22.3%)
- Total Income: ₹3,869.66 crore
This growth highlights improved generation and stronger project execution across its hydro and renewable portfolio.
Net Worth Improves, Debt Ratio Strengthens
The company’s financial position also showed steady improvement:
- Net Worth: ₹14,708.20 crore (up 3%)
- Debt-Equity Ratio: 0.71 (improved from 0.74)
- Operating Margin: 71.67%
- Net Profit Margin: 28.44%
Basic Earnings Per Share (EPS) also increased to ₹2.56–₹2.70, depending on accounting treatment.
Dividend Declared: ₹1.50 Per Share
SJVN has announced a total dividend of ₹1.50 per equity share for FY26:
- Interim dividend already paid: ₹1.15 per share
- Final dividend proposed: ₹0.35 per share (subject to AGM approval)
This is slightly higher than the previous year’s dividend of ₹1.46 per share.
Q4 FY26 Performance
For the fourth quarter of FY26, the company reported:
- Total Income: ₹1,047.70 crore
- PAT: ₹125.40 crore
- PBT: ₹244.79 crore
Consolidated Results Show Mixed Trend
On a consolidated basis:
- PAT declined 21.5% to ₹641.85 crore
- Revenue surged 47.4% to ₹4,528.29 crore
- Total Income: ₹4,722.81 crore
- Debt-Equity Ratio: 2.26 (up from 1.91)
Despite revenue growth, profitability was impacted due to higher costs and project-related adjustments.
Key Project and Regulatory Updates
SJVN disclosed several major developments:
- Tariff order for NJHPS (2024–29) pending with CERC; billing done on provisional basis
- Etalin Hydro Project reassigned to NHPC; assets classified as held for sale
- Devasari Hydro Project remains on hold since 2021
- Three Himachal Pradesh projects face legal and administrative uncertainty regarding implementation agreements
- Impairment loss of ₹174.11 crore (standalone) and ₹235.86 crore (consolidated) recorded
Audit and Compliance Status
The financial results were audited by Charanjit Singh & Associates, Chartered Accountants.
- Audit opinion: Unmodified (clean report)
- C&AG supplementary audit applicable under Companies Act, 2013
- Several project-related matters disclosed under “emphasis of matter” without impacting audit opinion
Board Meeting and Ownership Structure
The Board of Directors approved the results on 15 May 2026, with the meeting concluding at 2:00 PM.
Shareholding pattern:
- Government of India: 55%
- Government of Himachal Pradesh: 26.85%
- Public shareholders: 18.15%
About SJVN
SJVN Limited is a Navratna public sector enterprise engaged in hydro, thermal, and renewable power generation. It operates multiple power projects across India and neighbouring countries, with a growing focus on green energy expansion. The company plays a key role in strengthening India’s energy infrastructure and sustainable power development.
Read also: SJVN Appoints Parthajit De as CFO to Strengthen Financial Governance and Growth Strategy
