SJVN Limited Announces Audited Financial Results for Quarter and Year Ended March 31, 2026
SJVN Limited released its audited financial results for the quarter and year ended March 31, 2026, providing detailed insights into the company's performance across both standalone and consolidated financial statements. The results reflect the Group's continued involvement in the power generation and sale sector.Financial Performance Summary
The Company reported total income figures for the period.| Particulars | Quarter ended 31.03.2026 (Standalone, Crore) | Year ended 31.03.2026 (Standalone, Crore) | Quarter ended 31.03.2026 (Consolidated, Crore) | Year ended 31.03.2026 (Consolidated, Crore) |
|---|---|---|---|---|
| Total Income | 933.92 | 3,544.52 | 1,548.46 | 4,528.29 |
| Total Expenses | 802.91 | 2,239.81 | 1,603.33 | 3,518.54 |
| Profit for the period (Net Income) | 125.40 | 1,007.90 | (117.84) | 641.85 |
| Total Comprehensive Income | 126.25 | 999.85 | (116.94) | 633.71 |
Consolidated Financial Status
The consolidated results show the Group's total assets reaching 46,063.08 Crore as of March 31, 2026, up from 26,886.6 Crore at the end of the previous year.The Group's financial structure remains strong, with a Net worth of 14,238.84 Crore as of March 31, 2026. The company maintains a Debt Equity Ratio of 2.26, and the Debt Service Coverage Ratio (DSCR) stands at 1.92.
Key Financial Metrics and Ratios
The table below outlines several key financial ratios for the year ended March 31, 2026.| Metric | Value (Year ended 31.03.2026) |
|---|---|
| Debt Service Coverage Ratio (DSCR) | 1.92 |
| Interest Service Coverage Ratio (ISCR) | 2.73 |
| Operating Margin (%) | 71.67% |
| Net Profit Margin (%) | 28.44% |
Cash Flow Analysis
For the fiscal year ended March 31, 2026, the Group recorded a net cash generated from operating activities of 1,859.63 Crore. After accounting for investments and financing, the net increase in cash and cash equivalents was 763.22 Crore, leading to a closing balance of 1,100.24 Crore.Operational Highlights and Project Status
During the reporting period, the Company provided updates on key operational and project developments:- Etalin HEP Reassignment: Etalin HEP (3097 MW) was reassigned to NHPC Limited by the Ministry of Power, Government of India, leading to the termination of the Memorandum of Agreement (MoA) between the Government of Arunachal Pradesh and the Company. Consequently, assets amounting to 7,736.97 Crore and liabilities amounting to 70.93 Crore were classified as "Disposal Group Held for Sale."
- Devasari Hydro Electric Project: Work on the Devasari Hydro Electric Project in Uttarakhand remains on hold, following directions from the Ministry of Power, Government of India, dated July 6, 2021. The Company continues to pursue the matter with relevant authorities.
- Himachal Pradesh Projects: Three hydro power projects—210 MW Luhri Hydro Electric Project Stage-1, 382 MW Sunni Dam Hydro Electric Project, and 66 MW Dhaulasidh Hydro Electric Project—were allotted by the Government of Himachal Pradesh (GoHP) through Memorandum of Understanding (MOU). Despite the Implementation Agreement for these projects yet to be signed, SJVN has commenced work to prevent time and cost overruns.
- Tariff Updates: The Central Electricity Regulatory Commission (CERC) approved the tariff for the period 2024-29 in respect of Rampur Hydro Power Station (RHPS). The tariff order for Nathpa Jhakri Hydro Power Station (NJHPS) remains pending, requiring provisional billing based on the tariff applicable as of March 31, 2024.
- Impairment Loss: The Company recognized an impairment loss of 235.86 Crore during the quarter and year ended March 31, 2026, following an assessment of its CGUs as per Ind AS 36.
SJVN Limited reported that the standalone financial results are the audited figures, and while some headings appeared as 'Unaudited' due to typographical error, the underlying financial figures, audit report, and disclosures remain unchanged.
SJVN Stock Price Movement
On Friday, SJVN Limited shares edged higher, settling at ₹77.42, posting a gain of 0.39% for the session. The stock traded on a volume of 12.19 million shares, closing near the upper end of its day's range between ₹75.66 and ₹79.45.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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