More Stories

Informist, Friday, May 30, 2025

 

--SJVN: Current capacity across 13 projects around 2,786 MW 

--CONTEXT: Comments by SJVN's management in post-earnings analyst concall 

--SJVN: FY26 capex guidance INR 83 bln, spent INR 78 bln on capex in FY25

--SJVN: Generated 10,647 million units of power in FY25 

 

By Anjali Lavania

 

MUMBAI – SJVN Ltd. is aiming for a capital expenditure of INR 83 billion in 2025-26 (Apr-Mar), which is higher than the INR-78-billion capital expenditure incurred during FY25, the company's management said in a post-earnings analyst conference call Friday. The company said its current capacity is around 2,786 megawatts across 13 projects, along with two transmission lines. The hydroelectric power company generated 10,647 million units of power in FY25, up from 8,489 million units in FY24. 

 

SJVN's other income fell nearly 50% on year to INR 444 million in the March quarter. Sequentially, too, it was down nearly 50%. According to the management, the decline in other income was on account of the company being in a growth phase and capital being deployed for construction projects. "So, the amount which we used to have as fixed deposits with... banks and other income component previously was on a higher side," the management said. "The major component of the other income is always the interest income on the deposits which we have with different banks." 

 

The company's consolidated depreciation, amortisation, and impairment expenses of the company jumped sharply to INR 2.75 billion in the March quarter from INR 1.38 billion in the previous quarter. The management said the company accounted for impairment costs of around INR 1.43 billion in the March quarter. 

 

In FY25, the company accounted for impairment of some solar assets, "as a good corporate governance practice," the management said. "And going forward, we may reverse these impairment losses if this situation improves," it added.

 

In response to an analyst's query on the pre-construction of Etalin hydroelectric project in Arunachal Pradesh, the management said there are certain important components that it needs to take care of before construction begins. The target capacity addition from the Etalin project is 3,097 megawatts at an estimated capital cost of INR 358.9 billion with an expected commissioning schedule of FY34, eight years from now. 

 

The company has yet to get forest clearance, and clearance for the land acquisition for the Etalin project. The management said it is moving forward to get these clearances and expects to receive the environment clearances "by the end of August or September". The company has so far spent around INR 10.70 billion on the Etalin project, of which INR 2.7 billion has been paid to the state government for land acquisition.

 

According to the earnings details shared by the company on Thursday, SJVN's net profit plummeted 50% on year to an eight-quarter low of INR 307.2 million in Jan-Mar. The revenue from operations of the hydroelectric company declined 3.4% on year to INR 4.46 billion. 

 

At 1508 IST, shares of the company traded 5.38% lower at INR 96.41 on the National Stock Exchange. End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.