Consolidated results for the quarter ended 30.09.2026 (Unaudited)

Also decided at the meeting

• Board accorded in-principle approval on 30.10.2026 for merger of wholly owned subsidiary SJVN Thermal Private Limited (STPL) with SJVN Limited, subject to GoI and statutory/regulatory approvals.

Auditor's review

Conclusion: Unmodified

• EoM: Revenue from operations includes ₹242.59 crore of earlier years on provisional tariff order 2024-29 for NJHPS, and ₹40.42 crore of earlier periods for Buxar Thermal Power Project (STPL).
• EoM: Etalin HEP reassigned to NHPC; assets ₹738.52 crore and liabilities ₹0.11 crore classified as disposal group held for sale.
• EoM: Devasari HEP works on hold; expenditure ₹251.50 crore (incl. CWIP ₹200.73 crore) incurred upto 30.09.2026.
• EoM: Luhri Stage-1, Sunni Dam and Dhaulasidh projects – Implementation Agreement unsigned, GoHP may take back; ₹864.62 crore PPE and ₹3350.66 crore CWIP recognised.

Notes to the results

• Revenue from operations for the quarter includes ₹242.59 crore relating to earlier years pursuant to provisional tariff order 2024-29 for NJHPS (Nil in corresponding quarter of 2025).
• Etalin HEP (3097 MW) reassigned to NHPC; assets ₹738.52 crore and liabilities ₹0.11 crore classified as held for sale under Ind AS 105.
• Company opted for taxation under Section 200 of Income-tax Act, 2025 from Tax Year 2026-27; MAT credit utilised Nil (₹63.64 crore in Q2 FY25-26).
• Land revenue levied by GoHP on NJHPS and RHPS challenged in High Court; amount not recognised, recoverable as pass-through if crystallised.