SJVN Ltd Q4 Results 2026 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated May 14, 2026 3 min read

SJVN Ltd is navigating a significant transition as it scales from a hydro-dominant portfolio to a diversified energy player with major thermal and solar projects coming online. Investors will be focused on whether this capacity expansion is finally translating into bottom-line growth after a period of flat revenue and rising finance costs.

Quick Details

Results date	May 15, 2026
Quarter	Q4 FY 2025-2026
Previous quarter revenue	Rs. 1,000 crore
Previous quarter PAT	Rs. 818.02 crore
Previous quarter EBITDA margin	77.29%
Market cap	Rs. 30,196.51 Cr
CMP	Rs. 76.84

SJVN Ltd Q4 Results Date and Time

The Board of Directors is scheduled to meet on May 15, 2026, to consider the audited financial results for the quarter and year ended March 31, 2026, and recommend a final dividend for FY 2025-26, if any.

What to expect from SJVN Ltd's Q4 FY26 results

In its most recently reported quarter, SJVN posted revenue of Rs. 1,000 Crore, PAT of Rs. 818.02 Crore, and an EBITDA margin of 77.29%. The company reported a total energy generation of 13,302 million units for FY 2025-26, with the Rampur HPS project achieving its highest-ever annual generation of 2,108.034 million units. Management has maintained a strong capex trajectory, with Rs. 3,600 crore already deployed in H1 FY 2026 against a full-year MOU target of Rs. 7,500 crore. While the company faces pressure from a 51.7% YoY increase in finance costs and regulatory compliance hurdles, it expects to complete the commissioning of the 1,320 MW Buxar thermal project and additional solar capacity to drive future revenue.

Key Things To Watch

Performance vs Guidance Tracking

FY26 Capex — Rs. 7,500 crore target — Rs. 3,600 crore spent in H1, on track
FY26 Capacity Addition — 4,995 MW target — Buxar Unit 1 COD and solar commissioning underway
FY26 Generation — 13,302 MU achieved — Target exceeded

Buxar Thermal Project Ramp-up

Full commercial operation status for both 660 MW units
Assessment of tariff impact at Rs. 5.4 per unit

Operational and Financial Headwinds

Impact of MAT utilization expiry on tax expenses
Status of regulatory compliance regarding the appointment of a woman director following the Rs. 542,800 fine
Debt servicing outlook given the increase in debt-to-equity ratio to 0.74

Frequently Asked Questions

When will SJVN announce Q4 FY 2025-2026 results?

SJVN will announce its Q4 FY 2025-2026 results on May 15, 2026.

Will SJVN announce a dividend with these results?

The board meeting scheduled for May 15, 2026, will consider a final dividend for FY 2025-26.

What was SJVN's revenue in its previous quarter?

SJVN reported revenue of approximately Rs. 1,000 crore in its most recently reported quarter.

When does SJVN expect its Buxar thermal project to be fully operational?

Management indicated that the first 660 MW unit was nearing commercial operation as of the last update, with the second unit expected to follow.

Is SJVN on track with its previously stated capex guidance?

Yes, the company spent Rs. 3,600 crore in H1 FY 2026 and remains on track to meet its Rs. 7,500 crore MOU target for the full year.