SJVN Ltd
SJVN Ltd Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
SJVN does not provide explicit forward guidance on revenue and EBITDA as a company policy. - The company is in a significant growth phase with major capacity additions planned (approx. For FY26 and FY27, SJVN is in a growth phase with significant capacity additions planned—approximately 5,315 MW for FY26 and further solar and wind projects in FY27.
From SJVN Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- SJVN does not provide explicit forward guidance on revenue and EBITDA as a company policy.
- The company is in a significant growth phase with major capacity additions planned (approx. 5,315 MW in FY26, including 1,320 MW thermal and 3,675 MW renewable).
- Large capex planned: INR 7,800 crores in FY25, INR 8,300 crores in FY26, and INR 12,000 crores in FY27.
- Power generation increased 25% YoY to 10,647 million units in FY25, indicating strong volume growth.
- New renewable capacity and thermal projects will drive incremental revenue from FY26 onward.
- Revenue from nodal agency operations (renewable trading margin) expected to add around INR 200 crores by FY27.
- Ongoing signing of PPAs ensures guaranteed off-take, reducing revenue uncertainty.
- Overall, growth will primarily be volume-driven through capacity addition and commissioning timelines stretching till FY27 and beyond.
Profitability & Margins
See what SJVN Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex for FY25 was approximately INR 7,800 crores.
- Capex guidance for FY26 is around INR 8,300 crores.
- Capex guidance for FY27 is around INR 12,000 crores.
- Major ongoing investments include:
- - Construction of four hydro projects totaling 1,558 MW.
- - One thermal power project of 1,320 MW (Buxar thermal plant) commissioning in FY26.
- - Eleven solar projects totaling 1,773 MW.
- - Solar capacity addition target for FY26 is about 3,675 MW.
- Pre-construction projects like Italian hydroelectric project in Arunachal Pradesh pending environmental and forest clearances along with land acquisition.
- Development of closed-loop pumped storage plant in Chhattisgarh signed MOU, expected strong generation post commissioning.
- Focus on renewable energy projects aligned with India’s 500 GW renewable target by 2030, substantial tendering and strategic investments ongoing.
- Incremental debt raise of approximately INR 2,000 crores in FY26 may be required based on project progress.
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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
- Tender floated under SJVN's flagship Renewable Energy Investment Accelerator (REIA) amounts to 18.6 GW out of a total capacity target of 20.8 GW.
- Letter of Awards (LOA) have been issued for 2.4 GW.
- Power Purchase Agreements (PPA) signed so far total 5.188 GW.
- Under-construction projects include around 70 projects cumulatively totaling about 4,966 MW capacity.
- Capacity addition target for FY '26 is approximately 4,995 MW: 1,320 MW thermal (Buxar) and 3,675 MW renewable energy.
- Projects slated for commissioning in FY '26 total about 5,315 MW (1,320 MW thermal + 3,675 MW renewable + some commissions already done).
- Pipeline also includes pumped storage projects with MOUs and discussions in Maharashtra, Chhattisgarh, Rajasthan, and Mizoram.
- Management plans to upload detailed PPTs with timelines and individual project details for clarity on orderbook and commissioning schedules.
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.
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What SJVN Ltd's management said in earlier quarters
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Frequently Asked Questions
What were SJVN Ltd Q4 FY25 results?
SJVN does not provide explicit forward guidance on revenue and EBITDA as a company policy. - The company is in a significant growth phase with major capacity additions planned (approx. For FY26 and FY27, SJVN is in a growth phase with significant capacity additions planned—approximately 5,315 MW for FY26 and further solar and wind projects in FY27.
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?
Capex for FY25 was approximately INR 7,800 crores.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.