SJVN Limited — Investor Meet, 21-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

SJVN reported FY26 PAT of INR 1,008 Cr (+4% YoY) and Q4 PAT of INR 125 Cr (+308% YoY). FY26 revenue grew 22% to INR 3,545 Cr; Q4 revenue reached INR 2,934 Cr, growing ~109% YoY. The company commissioned Buxar Thermal Unit 1 (660 MW) and 1,070 MW solar, boosting total installed capacity to 4,196 MW. New thermal and solar units experienced initial consolidated losses due to lower utilization but are projected to be profitable in FY27. Long-term growth targets are under review. FY27 CAPEX is planned at INR 9,400 Cr. Bikaner Solar faces some generation curtailment due to equipment delivery delays.