New Delhi, August 12 – The SJVN share price jumped 5% to ₹98 on Tuesday after the state-run hydropower producer posted stable sales and improved operational margins in the first quarter of FY26.
Market Performance
- Current Price: ₹98 (up 5% intraday)
- Year-to-Date Performance: Down 12% in 2025
- Benchmark Comparison: Nifty 50 up 2% during the same period
Main News
SJVN’s Q1FY26 results showed a mixed performance. While the company recorded higher revenue and stronger margins, net profit declined compared to last year.
Financial Performance (Q1FY26)
Revenue
- ₹917.5 crore, up 5.4% from ₹870.4 crore in Q1FY25
EBITDA
- ₹742.4 crore, up 11.2% from ₹667.3 crore a year ago
EBITDA Margins
- Improved to 80.9% from 76.7% in Q1FY25
Net Profit
- ₹227.8 crore, down 36.2% from ₹356.9 crore in the same period last year
Segment Performance
Renewable Energy
- Revenue from wind and solar power: ₹115.62 crore
- Growth: More than doubled from ₹55.83 crore in Q1FY25
Power Trading
- Revenue fell to ₹0.78 crore from ₹1.94 crore last year
Other Income
- Dropped to ₹54.14 crore from ₹88.10 crore in Q1FY25
- Major contributions from bank interest and late payment surcharges
Policy Update
The Ministry of New and Renewable Energy has directed public sector power companies — including SJVN — to modify renewable energy tenders. The updated rules require the use of Indian-made solar cells, aligning with India’s target of achieving 500 GW of non-fossil fuel power capacity by 2030.
Company Details
SJVN, a state-run hydropower company, also develops renewable energy projects, including wind and solar power. The company plays a role as a Renewable Energy Implementing Agency (REIA) under India’s green energy expansion plans.
Summary
The SJVN share price rose sharply on the back of Q1 results showing revenue growth and stronger margins, despite a drop in net profit. The renewable energy segment showed significant growth, while policy changes are set to influence the company’s future projects.
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