SJVN Q2 FY26 results: PAT down 21% YoY, new CFO, Rs 1000 cr fundraise approved

Emphasis Of MatterRevenue DeclineEbitda Margin CompressionContingent Liabilities IncreasedResults View source PDF Explain this filing

SJVN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹84.75

prior close

₹84.12

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.5%-1.1% vs market

Power Generation peers, median of 26sector-0.5%-0.2% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Midcap 150 and 0.2 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

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15m

-0.4

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7+0.5-1.1-0.5-0.2

Next day

-2.7+0.9-3.6-1.0-1.7

-2.4+1.7-4.1-0.0-2.4

-2.8+1.3-4.2+0.1-2.9

-1.2+1.4-2.6-1.0-0.2

-1.7+2.1-3.7-0.5-1.2

-3.3+1.8-5.1-2.4-0.9

15d

-8.1+1.6-9.7-5.1-3.0

-13.4-1.4-11.9-8.8-4.6

-4.4-0.4-4.1-11.1+6.6

-14.1+1.5-15.6-14.2+0.1

UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q2 FY26 standalone revenue dipped to Rs 942 crore from Rs 995 crore YoY; profit fell to Rs 372 crore from Rs 473 crore. Finance costs jumped 62% to Rs 269 crore, squeezing operating margin to 67% from 75%. Board approved Rs 1,000 crore fundraising via Nathpa Jhakri cash flow securitisation and appointed Sipan Kumar Garg as new CFO. Auditors flagged risk that Himachal Pradesh may take back three hydro projects carrying around Rs 3,464 crore in assets.

Likely market impact

Higher finance costs hurt margins; Rs 1,000 crore asset monetisation and new CFO bring near-term positives. Himachal project dispute remains a key watch item.