Financial

SJVN Q2 Results: Net profit rises to Rs 441 crore, Revenue jumps 17%

  • by Psu Connect
  • Date: 07-11-24

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose by 17.3% year-on-year to Rs 828.4 crore, while the EBITDA margin narrowed to 80.7% from 80.4% during the same period last year.

SJVN Q2 Results: Net profit rises to Rs 441 crore, Revenue jumps 17%
SJVN Q2 Results: Net profit rises to Rs 441 crore, Revenue jumps 17%

State-owned SJVN Ltd. reported a marginal rise in its consolidated net profit at Rs 441 crore for the second quarter ended on September 30, 2024. This was Rs 439.6 crore in the same period of the corresponding previous year. The hydroelectric power major's topline increased 16.8% year-on-year to Rs 1,026 crore, compared to Rs 878.4 crore in the corresponding period of last year.

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose by 17.3% year-on-year to Rs 828.4 crore, while the EBITDA margin narrowed to 80.7% from 80.4% during the same period last year.

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The shareholders of the holding company in the Annual General Meeting on September 19, 2024, have approved a final dividend of Rs 0.65 per share in addition to an interim dividend of Rs 1.15 per share for the financial year 2024-25.

The Shares of SJVN Ltd. were trading 2.44% higher at Rs 114.13 following the earnings announcement. The stock has risen 22% so far in 2024 and has gained 54% in the last 12 months.

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