SJVN Ltd
SJVN Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
SJVN Limited is on a sound footing with no current issues impacting growth. SJVN Limited is on sound footing with no foreseeable growth issues.
From SJVN Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- SJVN Limited is on a sound footing with no current issues impacting growth.
- Focus is on quickly completing under-construction projects to start generating revenue.
- Two large hydro projects in Nepal to commence construction in Q1 FY27: Lower Arun (680 MW) and Upper Karnali (900 MW) with attractive tariffs ensuring smooth power sales.
- 650 MW of renewable energy projects (mostly solar) to be commissioned this year.
- Approximately 1.5 GW of solar projects expected to be commissioned next year.
- Advanced stages for 3 hydro projects: Arun-III, Sunni, and Luhri.
- Small 66 MW Dhaulasidh hydro project targeted for commissioning by December 2026.
2 more points management made on revenue & sales performance
Profitability & Margins
See what SJVN Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY26 capex guidance is around INR 7,500 crore; INR 3,600 crore already spent in H1, expecting to meet full target by year-end.
- FY27 capex guidance is approximately INR 8,000 crore, focusing on consolidating current portfolio and upcoming new projects.
- FY28 capex expected to be in a similar range as FY27.
- Focus on completing under-construction projects like Buxar Thermal Power Project and hydro projects (Arun-III, Sunni, Luhri).
- Starting construction of two major projects in Nepal in Q1 FY27: Lower Arun (680 MW) and Upper Karnali (900 MW) with attractive tariffs.
2 more points management made on capital expenditure plans
Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what SJVN Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- SJVN Limited has floated tenders totaling approximately 19.8 GW of renewable energy capacity as of November 2025.
- Letters of Award (LOA) have been issued for about 13.74 GW.
- Power Sale Agreements (PSA) and Power Purchase Agreements (PPA) have been signed for around 3.74 GW, with expectations to sign additional 3.75 GW in the next two months.
- Issues with connectivity and delayed clearances are primary reasons for pending PSA/PPA finalizations.
- Further tenders are planned for Battery Energy Storage Systems (BESS) and pump storage plants.
2 more points management made on order book & pipeline
SJVN Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.5K Cr, net loss ₹118 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What SJVN Ltd's management said in earlier quarters
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Frequently Asked Questions
What were SJVN Ltd Q2 FY26 results?
SJVN Limited is on a sound footing with no current issues impacting growth. SJVN Limited is on sound footing with no foreseeable growth issues.
What is SJVN Ltd share price analysis?
SJVN Ltd currently shows a neutral. The stock trades at a P/E of 42.5 with a market cap of ₹27,159 Cr. Investors should review the full earnings analysis for detailed insights.
Is SJVN Ltd planning capital expenditure?
FY26 capex guidance is around INR 7,500 crore; INR 3,600 crore already spent in H1, expecting to meet full target by year-end.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.