SJVN Ltd
SJVN Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #18 of 24 in Power
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SJVN Ltd Q4 FY26 key numbers
- Revenue
- FY '26 revenue increased by 22% YoY to INR 3,545 crores, driven by tariff order recognition.
As stated in SJVN Ltd's Q4 FY26 earnings call transcript · published 24 May 2026. Reported figures, not investment advice.
The short version
SJVN plans capacity additions with commissioning of 2,284 MW in FY '27, 650 MW in FY '28, and about 2,500 MW from FY '29 to '30. FY '26 PAT was INR 1,008 crores, a 4% increase from FY '25, despite challenges.
From SJVN Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- SJVN plans capacity additions with commissioning of 2,284 MW in FY '27, 650 MW in FY '28, and about 2,500 MW from FY '29 to '30.
- FY '26 revenue increased by 22% YoY to INR 3,545 crores, driven by tariff order recognition.
- SGEL expects improved profitability in FY '27 as new solar plants ramp up to full capacity.
- Buxar Thermal expected to move to profitability as PLF exceeds 70% in FY '27.
- Renewable Energy Implementing Agency awarded 16 GW of projects, with signed PSA of 6 GW; balance PPAs pending.
- Renewable tendering shows slower conversion due to DISCOMs’ adequacy plans and changing configurations; however, demand for renewable power with hybrid/storage solutions remains.
2 more points from SJVN Ltd's call on revenue
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Profitability & Margins
See what SJVN Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY '26 CAPEX plan: INR 9,400 crores
- FY '27 CAPEX plan: INR 7,800 crores
- FY '28 CAPEX plan: INR 7,500 crores
- Total under construction portfolio includes:
- Four hydro projects (1,561.5 MW)
- Second unit of Buxar Thermal Power Plant (660 MW)
- Ten solar projects (1,705 MW)
- Focus on commissioning:
- 2,284 MW in FY '27
- 650 MW in FY '28
- Around 2,500 MW between FY '29 to FY '30
- Continued expansion in renewables:
- Awarded 16 GW renewable energy projects across solar, wind, hybrid, and storage
2 more points from SJVN Ltd's call on capex
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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
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Order Book & Pipeline
- SJVN, as Renewable Energy Implementing Agency (REIA), has awarded contracts for around 16 GW (16,000 MW) renewable energy projects.
- Out of these, PPAs (Power Purchase Agreements) signed for approximately 6 GW.
- Balance 9-10 GW of PPAs are pending and under progress.
- Due to multiple tenders from various agencies and DISCOMs’ changing requirements, the conversion of the pending 9 GW PPAs to firm orders remains uncertain.
- Issues include the configuration of tenders (FDRE, pure solar, hybrid solar-wind), adequacy plans of DISCOMs, and tariff competitiveness.
2 more points from SJVN Ltd's call on order book
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What the Q4 FY26 call signalled
2 of 5 strong
SJVN Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): 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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Potential multibaggers · Q2 FY27
Potential multibaggers in Power
on management's own guidance
- Strong growth2
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were SJVN Ltd Q4 FY26 results?
SJVN plans capacity additions with commissioning of 2,284 MW in FY '27, 650 MW in FY '28, and about 2,500 MW from FY '29 to '30. FY '26 PAT was INR 1,008 crores, a 4% increase from FY '25, despite challenges.
What is SJVN Ltd share price analysis?
SJVN Ltd currently shows a below-average growth signal. 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?
FY '26 CAPEX plan: INR 9,400 crores - FY '27 CAPEX plan: INR 7,800 crores - FY '28 CAPEX plan: INR 7,500 crores - Total under construction portfolio includes: - Four hydro projects (1,561.5 MW
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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.