SJVN and IRCON Q3 Results Preview: Dividends, Profits, and Investor Outlook

Mumbai: The Indian power and infrastructure sectors are bracing for a massive Wednesday. On February 11, 2026, two prominent Navratna CPSEs—SJVN Limited and IRCON International—will take center stage as they unveil their Q3 FY26 financial performance.

For investors, the stakes are high: SJVN is weighing an interim dividend, while IRCON’s order book execution remains under the microscope.

SJVN Limited: Powering Profits & Dividends

SJVN has been a standout performer in the renewable energy space. All eyes are on the Board of Directors today to see if they reward shareholders with an interim dividend.

What to Expect in Q3 FY26 (Estimates):

• Revenue Growth: Projected to hit ₹650–₹700 Crore, a steady climb driven by new solar capacities.

• The Dividend Factor: Analysts expect an interim dividend announcement in the range of ₹1.15 to ₹1.50 per share, maintaining its reputation as a high-yield PSU.

• Green Hydrogen Updates: Look for updates on the multi-million dollar pumped storage projects.

Flashback: Previous Quarter (Q2 FY26) Actuals

• Net Profit: Reported ₹439.64 Crore, a solid 15-20% YoY jump from the previous year’s ₹339 Crore.

• Total Income: Stood at ₹958.62 Crore, showcasing strong operational efficiency despite monsoon challenges.

Also Read: Government Sells 5% Stake in BHEL via OFS | Floor Price ₹254 | February 2026

IRCON International: Tracking the Infrastructure Boom

IRCON continues to benefit from the government’s aggressive push on railway electrification and international highway projects.

What to Expect in Q3 FY26 (Estimates):

• Execution Speed: Investors are tracking the conversion of the ₹26,000+ Crore order book into active revenue.

• Profit Projection: Markets anticipate a Net Profit (PAT) in the range of ₹215–₹230 Crore.

• International Contribution: Key focus on the $500M+ overseas project pipeline.

Flashback: Previous Quarter (Q2 FY26) Actuals

• Net Profit: Stood at ₹206 Crore, marking a growth of 18% YoY.

• Revenue: Reported at ₹2,448 Crore, showing resilient growth despite construction delays.

• Order Book: Successfully maintained a massive pipeline of ₹26,000 Crore, diversifying into renewable infra.

Investor Outlook: Buy, Hold, or Watch?

The Verdict: Why This Matters for Your Portfolio

If you are looking for passive income, SJVN’s board meeting is the headline event. A dividend announcement could trigger a fresh rally toward its 52-week high. However, for those seeking long-term infrastructure plays, IRCON’s ability to maintain a profit margin above 8% will be the deciding factor for a "Buy" rating.