SJVN Limited Announces Quarterly Financial Results for June 30, 2026; Operational Updates and Debt Compliance Confirmed

SJVN Limited Announces Quarterly Financial Results for June 30, 2026; Operational Updates and Debt Compliance Confirmed​

SJVN Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company provided detailed statements for both standalone performance and consolidated group results. The financial disclosures included comprehensive metrics on profitability, asset coverage, and project status updates.

Financial Performance Highlights (Q Ended 30.06.2026)​

The company's operations continue to be focused on the generation and sale of power. Both standalone and consolidated results showed specific trends in income and expenditure during the quarter compared to prior periods.

Standalone Results Snapshot​

For the quarter ended June 30, 2026, SJVN Limited reported a Total Income from Operations of 758.83 Crore. The company recorded a Profit for the period amounting to 246.88 Crore, translating to a Net Profit Margin of 32.53%. The total comprehensive income for the period was 243.81 Crore.

Key standalone financial ratios and metrics were as follows:

Consolidated Group Results Snapshot​

At the group level, total income from operations stood at 1,394.38 Crore for the quarter ending June 30, 2026. The company recorded a Profit for the period of 224.74 Crore, achieving a Net Profit Margin of 16.12%. Total Comprehensive Income after tax was reported at 221.54 Crore.

The consolidated entity maintained a Debt Equity Ratio (DER) of 2.25 and a Debt Service Coverage Ratio (DSCR) of 0.60. The Operating Margin for the Group stood at 48.17%.

Operational Project Status and Regulatory Matters​

The financial reports highlighted several critical updates concerning the power generation projects:

• Tariff Regulatory Updates: Regarding the Central Electricity Regulatory Commission (CERC), the tariff for the period 2024-29 pertaining to Rampur Hydro Power Station (RHPS) has been approved. However, the tariff order related to Nathpa Jhakri Hydro Power Station (NJHPS), effective from April 1, 2024, is still pending. Billing for NJHPS beneficiaries was handled provisionally using the tariff approved and applicable as of March 31, 2024.
• Devasari Project Status: The Survey and Investigation works for the Devasari Hydro Electric Project in Uttarakhand have been placed on hold following directions from the Ministry of Power, Government of India (dated July 6, 2021). Management reported that they are actively engaging with the relevant Ministries to resume activities, maintaining confidence that the hold will be withdrawn. Expenditure incurred on this project up to June 30, 2026, was recorded at 251.45 Crore.
• Land Revenue Challenge: In relation to land revenue levied by the Department of Settlement, Government of Himachal Pradesh concerning both Nathpa Jhakri Hydro Power Station and Rampur Hydro Power Station, the company has filed petitions before the Hon'ble High Court of Himachal Pradesh challenging the levy. The management noted that even if the liability crystallizes, it would be recoverable from beneficiaries as a pass-through item under applicable tariff regulations.

Debt Instruments and Fund Utilization​

The company provided specific details regarding its debt securities and the use of previously raised funds:

• Covenant Compliance: A certificate issued by the Statutory Auditor confirmed compliance with all covenants and terms related to the issue of listed debt securities (NCDs) for the quarter ending June 30, 2026. The auditor certified that while the security cover ratio was not applicable, as the securities were unsecured, there was no charge created on any assets for these securities.
• Issue Proceeds: Regarding a Private Placement of Non-Convertible Debentures (NCD) completed on September 29, 2021, amounting to INR 1000 Crores, the report confirmed that the funds were fully utilized against the original purpose, with no deviation noted.

The results and corresponding certificates affirm the company's current financial standing in response to operational challenges and regulatory developments across its generation projects.

SJVN Stock Price Movement​

SJVN Limited shares are edging higher in live trading, climbing to ₹68.77 after gaining 0.47% as of 2:47 PM. The equity sees significant activity with 3.18 million shares changing hands during the current trading session.