Stockrabit · Analysts
Questions across 1 call

Paras Chheda

Purpleone Vertex Ventures, LLP

SJVN Limited

SJVN Limited CC-Nov25.pdf · 2025-11-10
Thank you, sir, for this opportunity. I just wanted to understand that some of our projects have probably come on line when I compare our results, revenue for this quarter is comparable to the revenue of the same quarter of last year, whereas some of the projects have also come on time in terms of the depreciation, which is up 20%, 30%. So I'm just trying to understand, sir, in terms of operations, are our projects that have come on land fully operational or the capacity utilization is pending in some of these projects? And when do you expect the Buxar unit also to fully commission, sir? Because the finance cost and the depreciation keeps going up, but the revenue is not coming in. So I just wanted to understand how is it, you know, placed.
The question is that, okay, so the question is that , when we look at the revenue side for this quarter which is about, let's say, INR1,000 crores odd which is almost comparable or equal to the revenue of INR1,000 crores of last quarter of last year also, right, in September. But a lot of projects, or at least some of the projects have also come online because the depreciation is about INR171 crores compared to INR133 crores of depreciation of that last quarter. And so some of the projects have come online like the Bikaner and other projects that have come, right? So I am saying that why is the revenue not equally gone up or at least gone up comparable to the last quarter of the year? Are some of the projects which have come on an underutilized or not yet utilized completely or what is the reason? I mean the revenue has also to increase right I mean to some extent.