SJVN Q2 FY26 Earnings Results: Profit Falls 30% to ₹308 Crore; Board Approves ₹1,000 Crore Fundraise

SJVN Limited has reported a 30% drop in its consolidated net profit for the July to September quarter of FY26. The company posted a profit of ₹307.80 crore, compared to ₹439.90 crore in the same quarter last year. The decline was mainly due to higher expenses and a small dip in total income.

Total Income and Expenses

SJVN recorded total income of ₹1,078.29 crore in Q2, slightly lower than ₹1,108.43 crore in the previous year’s quarter. At the same time, total expenses rose sharply to ₹658.47 crore, up from ₹528.88 crore a year earlier. This increase in spending weighed on the company’s profitability.

Fundraising Plan Approved

The board has approved raising up to ₹1,000 crore through securitisation of future revenue and return on equity from the Natpha Jhakri Hydro Electric Project, which has a capacity of 1,500 MW. This move is part of the National Monetisation Pipeline and will help the company meet its FY26 financial targets.

New CFO Appointment

SJVN also announced the appointment of Sipan Kumar Garg as the new Chief Financial Officer. Garg currently serves as Director (Finance) at THDC India Ltd and brings considerable experience to the role.

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SJVN Share Price Movement

SJVN share price (NSE: SJVN) was at ₹84.22 as of 3:08 PM on November 10, down 0.74%. The stock opened at ₹85.27 and traded between a high of ₹85.40 and a low of ₹83.24 during the day. The company’s market capitalisation is ₹33,100 crore, and it currently trades at a P/E ratio of 47.75 with a dividend yield of 1.73%. Over the last year, the stock has hit a 52-week high of ₹124.50 and a 52-week low of ₹80.54. SJVN also offers a quarterly dividend of ₹0.36 per share.

Conclusion

SJVN’s second-quarter performance was impacted by higher costs and slightly lower income. However, the company is taking strategic steps through fundraising and leadership changes to support its growth plans for the coming years.

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