SJVN Limited Q1 revenue rises 52% to Rs 1,394 crore

SJVN Limited reported revenue of ₹1,394.38 crore for Q1 FY26-27, a 51.98% increase from the corresponding quarter a year earlier. However, net profit declined 1.25% year-on-year to ₹224.74 crore, while profit before tax fell 19.16% to ₹310.84 crore despite a sharp sequential recovery.

What did SJVN report for Q1 FY26-27?

SJVN reported a mixed financial performance for the quarter, with strong year-on-year revenue growth but a marginal decline in net profit. Revenue was ₹1,394.38 crore, compared with ₹917 crore in the June 2025 quarter, based on the quarterly consolidated data provided. Operating profit stood at ₹849.55 crore.

The company’s operating profit rose 20.21% year-on-year, although its growth trailed the increase in revenue. The operating profit margin was 61% in the June 2026 quarter, compared with 77% in the June 2025 quarter. Quarterly expenses were ₹545 crore, against ₹211 crore a year earlier, according to the consolidated results table.

Profit before tax was ₹310.84 crore, down 19.16% from the corresponding period of the previous year. Net profit was ₹224.74 crore, compared with ₹227.58 crore in the June 2025 quarter. Earnings per share were ₹0.57, compared with ₹0.58 in the year-earlier quarter.

Why did profit improve sequentially for SJVN?

SJVN’s profit improved substantially from the immediately preceding March 2026 quarter, when it reported a net loss of ₹117.84 crore and a loss before tax of ₹46.64 crore. Net profit turned positive at ₹224.74 crore in the June 2026 quarter, while profit before tax reached ₹310.84 crore.

The quarter-on-quarter comparison also shows that revenue declined from ₹1,496.47 crore in March 2026 to ₹1,394.38 crore in June 2026. Operating profit similarly declined from ₹909.67 crore to ₹849.55 crore. Yet the company recorded an improvement in profit before depreciation and tax, which increased from ₹447.75 crore to ₹558.17 crore.

The consolidated quarterly table shows lower interest and depreciation charges than in the March quarter. Interest declined from ₹522 crore in March 2026 to ₹326 crore in June 2026, while depreciation reduced from ₹494 crore to ₹247 crore. These movements coincided with the return to profit in the June quarter, although the available results summary does not provide a detailed explanation for each change.

How did SJVN’s latest margins and costs compare?

SJVN’s operating margin was 61% in the June 2026 quarter, unchanged from the March 2026 quarter but lower than the 77% reported in June 2025. Revenue growth therefore did not translate into a comparable increase in operating profit during the year.

Expenses increased to ₹545 crore from ₹211 crore in the June 2025 quarter. This rise in expenses was larger in percentage terms than the increase in revenue and was reflected in the lower operating margin. The company’s operating profit nevertheless increased to about ₹850 crore from ₹707 crore a year earlier.

The results also indicate that interest expense was ₹326 crore in June 2026, compared with ₹216 crore in June 2025. Depreciation was ₹247 crore, compared with ₹160 crore in the year-earlier period. These items are relevant for investors assessing the difference between operating profit and the company’s reported profit before tax.

When will SJVN announce its September 2026 results?

SJVN informed the stock exchanges that its Board of Directors would meet on Friday, 30 October 2026, to consider and approve unaudited financial results for the quarter and half-year ended 30 September 2026. The company’s intimation was issued ahead of the scheduled board meeting.

The trading window for dealing in SJVN securities was closed from 1 October 2026 and was set to remain closed until Sunday, 1 November 2026. The closure is to continue for 48 hours after the declaration of the financial results, in line with the company’s code for regulating and reporting insider trading and fair disclosure.

At the market close on 29 October 2026, SJVN shares were quoted at ₹52.53 on the NSE and ₹52.50 on the BSE. These prices preceded the scheduled board meeting and the planned release of the September-quarter and half-year results.

What does the quarterly result mean for investors?

SJVN’s June-quarter figures show a business that delivered higher revenue and operating profit than a year earlier, while reported net profit was broadly flat on a year-on-year basis. The company also moved from a loss in the March 2026 quarter to a profit in the June 2026 quarter, making the sequential recovery a key feature of the result.

For investors, the margin movement, financing cost and depreciation remain important indicators alongside revenue. The operating margin declined by 16 percentage points from the June 2025 quarter, while interest expense and depreciation were higher year-on-year. The forthcoming September-quarter results will provide the next reported update on these financial trends and on the company’s half-year performance.

Conclusion

SJVN’s Q1 FY26-27 performance combined a 51.98% rise in revenue to ₹1,394.38 crore with a 1.25% year-on-year decline in net profit to ₹224.74 crore. The results also marked a recovery from the March-quarter loss, supported by lower sequential interest and depreciation charges.

The next disclosed event is the Board meeting on 30 October 2026 for the September-quarter and half-year results. Investors will watch the reported revenue trend, operating margin, interest cost and net profit after the company releases those unaudited figures.