SJVN Ltd, a state-run power company, reported a net loss of ₹127.7 crore in the fourth quarter of fiscal year 2025, compared to a net profit of ₹61 crore in the same period the previous year. The company’s revenue increased by 4.5% to ₹504.4 crore from ₹482.9 crore year-on-year, while EBITDA rose slightly by 0.4% to ₹240.8 crore. However, the EBITDA margin declined to 47.75% from 49.6% year-on-year. The loss was attributed to higher expenses. Following the earnings announcement, SJVN’s shares fell by 5%. Despite the loss, the company declared a final dividend for the fiscal year. Separately, Shalby shares dropped over 3% and fell below their IPO price after reporting weak Q4 results.