SJVN Limited announced the outcome of its Board of Directors meeting held on February 11, 2026. The board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025. Crucially, an interim dividend of ₹1.15 per equity share for FY 2025-26 was declared, setting the Record Date as February 20, 2026. The company also received approval to raise up to ₹1,000 Crores through NCDs.
Board Meeting Outcomes: Q3 FY 2025-26
The Board of Directors of SJVN Limited convened on February 11, 2026, to review and approve key financial and corporate actions. The meeting commenced at 11:30 HRS and concluded at 14:50 HRS.
Financial Results Approval
The Board formally approved the Unaudited Standalone and Consolidated Financial Results for the quarter ending December 31, 2025. The auditor’s Limited Review Report was attached as Annexure – A.
Interim Dividend Declaration
A significant declaration involved the approval of an interim dividend of ₹1.15/- per equity share for the financial year 2025-26. The entitlement for this dividend is fixed by the Record Date set for February 20, 2026.
Fundraising Plan Authorized
The company received approval for raising capital up to ₹1,000 Crores. This capital will be sourced via the issuance of unsecured, rated, taxable, redeemable, non-convertible, non-cumulative debentures through a private placement basis.
Security Cover Disclosure
As mandated, details regarding the Security Cover for the company’s Non-Convertible Debt Securities, compliant with Regulation 54, were disclosed and attached as Annexure – B.
Key Standalone Performance Highlights (Q3 Ended Dec 31, 2025)
Reviewing the Standalone Statement (Page 5), key figures for the quarter ended 31.12.2025 (Unaudited) compared to the previous year’s quarter (31.12.2024) include:
- Total Income: ₹881.89 Crore (vs. ₹699.65 Crore in Q3 FY 2024-25).
- Profit for the Period: ₹251.71 Crore (vs. ₹139.25 Crore in Q3 FY 2024-25).
- Net Profit Margin: 29.75% (vs. 22.28% in Q3 FY 2024-25).
Key Consolidated Performance Highlights (Q3 Ended Dec 31, 2025)
Reviewing the Consolidated Statement (Page 13), key figures for the quarter ended 31.12.2025 (Unaudited) compared to the previous year’s quarter (31.12.2024) include:
- Total Income: ₹1,124.47 Crore (vs. ₹760.76 Crore in Q3 FY 2024-25).
- Profit for the Period (Attributable to Parent): ₹224.38 Crore (vs. ₹149.03 Crore in Q3 FY 2024-25).
- Net Profit Margin: 20.73% (vs. 22.17% in Q3 FY 2024-25).
Notes on Financial Reporting (Standalone & Consolidated)
Several items required specific attention in the accompanying notes:
- CERC Tariff Regulations: Billing for Hydro Power Stations is provisional pending final tariff orders for the period 2024-29, effective from April 1, 2024.
- Rampur Hydro Power Station Truing-up: Revenue for the quarter included ₹173.95 Crore related to earlier years, recognized following receipt of the tariff order for the 2019-24 period.
- Devasari Hydro Electric Project: Survey and investigation works remain on hold as directed by the Ministry of Power. However, management anticipates the hold will be withdrawn, with ₹251.28 Crore incurred to date.
- New Labour Codes: The new codes notified to be effective from November 21, 2025, currently have no material impact on the reported results pending final Central and State Rules.
- Subsidiaries/JV Review (Consolidated): The consolidated results incorporate financial information from subsidiaries and Joint Ventures, some of which were based on unreviewed data from auditors, as detailed in Note 7.
Source: BSE
