SJVN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SJVN Limited's Board approved the annual audited standalone and consolidated financial statements for FY 2025-26. Standalone total income grew 19% to ₹3,869.66 crore, with profit after tax at ₹1,007.90 crore (up 4% from ₹970.18 crore). The Board recommended a final dividend of ₹0.35 per share, taking the total dividend for FY 2025-26 to ₹1.50 per share (₹1.46 in previous year), including the interim dividend of ₹1.15 already paid in February 2026. Key auditor concerns include pending tariff order for NJHPS since April 2024, Etalin HEP (3097 MW) being reassigned to NHPC with ₹736.97 crore assets classified as held for sale, three Himachal Pradesh hydro projects facing government takeover risk with ₹3,932 crore exposure, and impairment loss of ₹174.11 crore (standalone) and ₹235.86 crore (consolidated).
Positive for shareholders with increased revenue and total dividend. However, project reassignments, impairment charges, and regulatory uncertainties on tariff orders present headwinds. The Etalin HEP reassignment and HP government project disputes create uncertainty around future capacity growth.