SJVN Q2 Results: Net profit falls 30% to ₹308 crore, revenue flat

State-run power producer SJVN Ltd. reported a 30.2% year-on-year (YoY) decline in net profit for the September quarter at ₹308 crore, compared to ₹441 crore in the same period last year.

Revenue from operations remained largely flat, down 0.6% YoY at ₹1,032 crore versus ₹1,038 crore a year ago.

However, EBITDA rose 3% YoY to ₹860 crore from ₹836 crore, with operating margins improving to 83.3% from 81.5% last year, indicating better cost efficiencies despite muted topline growth.

SJVN will raise up to ₹1,000 crore through the securitisation of the future revenue/return on equity (ROE) from its 1,500 MW Nathpa Jhakri Hydro Electric Project, as part of efforts to achieve its FY25-26 targets under the National Monetisation Pipeline.

Following the earnings announcement, shares of SJVN Ltd. are trading 0.93% lower at

₹

84.06. The stock is down 24% on a year-to-date basis.