SJVN Limited Q4 FY26 Earnings Call Transcript Released
SJVN Limited released its Q4 FY26 earnings call transcript. Revenue from operations grew 22% YoY to ₹3,545 crore in FY26, with Q4 revenue up 109% YoY. FY26 PAT increased 4% to ₹1,008 crore, and Q4 PAT surged 308% to ₹125 crore. The company commissioned 1730 MW in FY26, including Buxar Thermal and Bikaner Solar. A total dividend of 15% is recommended for FY25-26.
The announcement provides detailed financial results, operational highlights, capacity additions, and future guidance, which are critical factors for investors in evaluating the company's performance and future prospects. The positive financial performance and dividend recommendation are material.
The company reported strong revenue growth, significant capacity additions, and a substantial increase in Profit After Tax, particularly in the fourth quarter. The recommended dividend also indicates a positive financial outlook.
SJVN Limited has released the transcript of its conference call held on May 15, 2026, with investors and analysts to discuss the financial results for the quarter and year ended March 31, 2026.
During the call, the management highlighted significant operational and generation performance for FY25-26. The Nathpa Jhakri Hydro Power Station achieved a generation of 7,506 million units, and the Rampur Hydro Power Station recorded 2,108 million units. Total generation from all power stations reached 13,302 million units, a 25% increase from the previous year. Capacity addition for FY25-26 included the commissioning of the first unit of the 660 MW Buxar Thermal Power plant on November 14, 2025, with the second unit synchronized on May 8, 2026. The 1000 MW Bikaner solar power project was commissioned on December 24, 2025, and a solar project in Dhubri, Assam, was commissioned on February 5, 2026. Total capacity addition for FY25-26 was 1730 MW, bringing SJVN's total installed capacity to 4196 MW.
Financially, revenue from operations in FY26 increased by ₹648 crore to ₹3,545 crore (22% YoY), primarily due to tariff order recognition. Q4 FY26 revenue saw a 109% YoY growth, increasing by ₹488 crore to ₹2,934 crore. Profit after tax for FY26 was ₹1,008 crore, an increase of ₹38 crore (4% YoY). For Q4 FY26, PAT was ₹125 crore, a significant increase of 308% YoY. The Board recommended a final dividend of 3.5% (₹0.35 per share), making the total dividend for FY25-26 at 15% (₹1.5 per share).
The company also discussed challenges such as losses in SGEL and Buxar Thermal due to lower PLF and initial operational costs. Future capacity additions are planned, with Buxar Thermal Power plant (660 MW), Dhaulasidh Hydro Electric Project (69.5 MW) by March 2027, and approximately 1555 MW of solar capacity by March 2027. The Nepal hydro project is targeted for commissioning by December 2028. SJVN is reviewing its long-term expansion targets of 25,000 MW by 2030 and 50,000 MW by 2040, with a new business plan to be shared soon. CAPEX plans include ₹9,400 crore for the current year, ₹7,800 crore for FY28, and ₹7,500 crore for FY29.
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SJVN Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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