SJVN Limited — Important, 03-04-2025: Updates

**Financial Highlights:** For the nine months ending December 31, 2024, SJVN reported total revenue of ₹2,679.47 crore, up 15.93% year-on-year. Operating revenue from operations was ₹2,451.27 crore, reflecting an 18.31% increase. Net profit was ₹939.46 crore, marking a growth of 10.93%. The EBITDA margin stood at a robust 77.29%, indicating strong operational efficiency. The company declared an interim dividend of 11.50% and a final dividend of 6.50%.

**Strategic Initiatives and Growth Drivers:** SJVN is actively expanding its project pipeline, focusing on renewable energy sources including hydro, solar, and thermal projects, with additional capacity of around 4,936 MW currently under construction. The recent project milestones include the Operation Date (COD) of the 100 MW Raghanesda SPS and contract signings for substantial solar projects in Assam.

**Business Developments:** SJVN has executed significant contracts and received Letters of Intent for multiple solar power projects, enhancing its footprint in the renewable sector. The company signed an MoU for a 1,600 MW pumped storage project in Bihar, underscoring its commitment to sustainable energy solutions.

**Market Position and Competitive Advantage:** SJVN, recognized as a Navratna company, continues to strengthen its market presence through strategic partnerships and the expansion of its operational capacity. With a diverse portfolio, it showcases resilience and adaptability in the evolving energy landscape.

**Investor Implications:** With robust financial performance and a commitment to renewable energy expansion, SJVN is positioned for potential growth, offering investors a positive outlook in a sector that is increasingly focused on sustainability and clean energy production. Investors should monitor the company’s advancements in project execution and operational efficiency closely.