SJVN Limited Approves Financial Results, Recommends ₹1.50 Dividend Per Share

SJVN Limited Approves Financial Results, Recommends ₹1.50 Dividend Per Share​

SJVN Limited announced that its Board of Directors, during a meeting held on May 15, 2026, approved the audited standalone and consolidated financial statements for the year ended March 31, 2026. The board also recommended a final dividend of ₹ 0.35 per equity share for the financial year 2025-26, which is subject to shareholder approval.

The final dividend recommendation supplements the interim dividend of ₹ 1.15 per equity share declared in February 2026, bringing the total dividend for the financial year 2025-26 to ₹ 1.50 per share. This dividend will be paid within the statutory period prescribed by law.

Key Financial Highlights​

The company reported significant annual financial results for the year ending March 31, 2026.

Standalone Financial Performance​

The standalone results indicate robust annual growth across key metrics:

Consolidated Financial Performance​

Consolidated figures reflect the group's operations, showing the following trends:

Operational and Project Updates​

During the board meeting, the company also provided updates regarding several significant power projects and asset classifications:

• Etalin HEP Reassignment: Assets and liabilities pertaining to Etalin HEP (3097 MW) were classified as "Disposal Group Held for Sale," following the reassignment of the project to NHPC Limited by the Ministry of Power, Government of India, and the subsequent termination of the Memorandum of Agreement (MoA) with the Government of Arunachal Pradesh.
• Devasari Project Status: Work on the Devasari Hydro Electric Project in Uttarakhand remains on hold as per Ministry of Power directives (dated July 6, 2021). The company continues to pursue the matter with relevant authorities.
• Himachal Projects: Three hydro power projects allotted by the Government of Himachal Pradesh (GoHP)—Luhri Hydro Electric Project Stage-1, Sunni Dam Hydro Electric Project, and Dhaulasidh Hydro Electric Project—are awaiting the signing of the Implementation Agreement. Related project expenditure recognized up to March 31, 2026, amounts to ₹ 864.65 crore (Property, Plant & Equipment) and ₹ 3,068.49 crore (Capital Work in Progress).
• Impairment Loss: An impairment loss amounting to ₹ 174.11 crore was recognized during the quarter and year ended March 31, 2026, following the assessment of the company’s CGUs in accordance with Ind AS 36.

Corporate Structure and Governance​

The board reviewed the security cover details for the Non-Convertible Debt Securities issued by the company. The annual audited standalone and consolidated financial statements, along with the Auditor's Report and the company's Statement of Assets & Liabilities, were presented for review.

SJVN Stock Price Movement​

Today, SJVN Limited shares edged higher, gaining 0.55% to close at ₹77.35. The stock found supportive buying interest, trading today on a robust volume of 10.27 million shares.