Indian state-owned power producer SJVN Limited has reported a sharp decline in its earnings for the first quarter of the 2025-26 financial year, despite posting a modest increase in income, POWERLINE reports.

The company recorded a net profit of INR2.28bn ($26.1mn) for the April to June period, down more than a third compared with the INR3.57bn achieved in the same quarter last year. The drop in profitability has been attributed to higher expenses and operational pressures that offset gains in revenue.

Total income rose slightly by 1.46%, reaching INR9.72bn, up from INR9.58bn in the corresponding quarter of the previous year. While this growth reflects stable performance in the company’s core generation business, the margin squeeze highlights the challenges facing energy producers in a period of rising costs and competitive pressures.

SJVN, which operates a portfolio of hydro, thermal and renewable energy projects, remains a significant contributor to India’s power sector. The firm is also pursuing expansion into solar and wind generation as the country intensifies efforts to diversify its energy mix and meet ambitious clean energy targets.

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