SJVN (SJVN) Q3 25/26 earnings summary

Executive summary

• Standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved, showing strong revenue and profit growth year-over-year.

• An interim dividend of ₹1.15 per share was declared for FY 2025-26, with a record date of February 20, 2026.

• The company plans to raise up to ₹1,000 crore through unsecured, rated, taxable debt securities.

Financial highlights

• Standalone revenue from operations for Q3 FY26 was ₹846.13 crore, up from ₹625.02 crore in Q3 FY25; nine-month revenue was ₹2,610.60 crore, up from ₹2,451.26 crore year-over-year.

• Standalone net profit for Q3 FY26 was ₹251.71 crore, up from ₹139.25 crore in Q3 FY25; nine-month net profit was ₹882.50 crore, compared to ₹939.46 crore in the prior year.

• Consolidated revenue from operations for Q3 FY26 was ₹1,081.97 crore, up from ₹670.99 crore in Q3 FY25; nine-month revenue was ₹3,031.82 crore, up from ₹2,567.61 crore year-over-year.

• Consolidated net profit for Q3 FY26 was ₹224.31 crore, up from ₹148.75 crore in Q3 FY25; nine-month net profit was ₹759.69 crore, compared to ₹945.74 crore in the prior year.

• Earnings per share (EPS) for Q3 FY26 (standalone) was ₹0.64 (including regulatory deferral), and ₹0.80 (excluding regulatory deferral).

Outlook and guidance

• Revenue recognition for hydro power is provisional, pending final tariff orders for 2024-29; management expects regulatory clarity soon.

• The impact of new labor codes is currently assessed as immaterial, but will be monitored as rules are finalized.