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Even as energy demand stays strong, SJVN’s Q4 numbers dimmed the mood. The hydropower PSU reported a surprise net loss of Rs 127.6 crore for the March quarter, its first in recent times.
The market didn’t take it lightly. The stock slipped nearly 5.4 per cent on the BSE today (May 30, 2025).
But here’s the twist: Despite the miss, the company still declared a final dividend of ₹0.31 per share.
Q4 FY25 results snapshot
| Metric | Q4 FY25 | Q4 FY24 | YoY change |
|---|---|---|---|
| Revenue | Rs 504 crore | Rs 483 crore | 4.5 per cent |
| EBITDA | Rs 241 crore | Rs 240 crore | 0.4 per cent |
| EBITDA margin | 47.8 per cent | 49.6 per cent | -180 bps |
| Net profit | - Rs 127.6 crore | Rs 61 crore | - 109 per cent |
What’s behind the loss?
- Last year, SJVN had booked a Rs 104 crore one-off gain. This year, that cushion vanished.
- Operating expenses rose.
- Margins slipped a bit despite stable revenue.
So, even though topline inched up 4.5 per cent to Rs 504 crore and EBITDA was flat at Rs 241 crore, the bottom line fell into the red.
However, there was one bright spot: Renewable energy revenue jumped to Rs 67.5 crore from Rs 28 crore last year. That’s a 141 per cent rise.
Dividend stays on track
Despite the weak quarter, SJVN’s board stuck to rewarding shareholders. A final dividend of Rs 0.31 per share was declared. This comes on top of the Rs 1.15 interim dividend in February, bringing FY25’s total to Rs 1.46 per share.
For investors chasing yield, that’s still a positive.
About the company
SJVN (Satluj Jal Vidyut Nigam) is a central government-backed player in the power sector. It began with large hydroelectric projects and has since ventured into wind, solar and thermal power.
Here’s how its fundamentals look.
| Metric | Value |
|---|---|
| Market cap | Rs 37,805 crore |
| ROE | 6.5 per cent |
| ROCE | 5.3 per cent |
| P/E ratio | 46.1 |
| P/B ratio | 2.7 |
| Dividend yield | 1.5 per cent |
| Book value | Rs 37.6 |
| EPS | Rs 2.4 |
Value Research Online ratings
- Overall: 2/5
- Quality: 5/10
- Growth: 6/10
- Valuation: 2/10
- Momentum: 2/10
The bottom line
SJVN’s loss may be a speed bump, but not a derailment. The company still holds promise in green energy and the dividend shows the company isn’t shying away from rewarding patient investors. Just don’t expect a quick turnaround.
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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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