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Home STOCKS SJVN Q4 outcomes: Profit drops practically 13% to Rs 399 crore

SJVN Q4 outcomes: Profit drops practically 13% to Rs 399 crore

New Delhi: Condition-run ability producer SJVN Ltd on Monday described a 13 for every cent decline in consolidated net profit to Rs 399.21 crore for the January-March quarter as opposed to the 12 months-ago time period.
The consolidated net profit was Rs 458.76 crore in the quarter ended on March 31, 2019, a regulatory filing stated.
Complete income in the quarter declined to Rs 697.63 crore from Rs 874.71 crore in the same period of time final 12 months.
Its consolidated net profit rose to Rs 1,661.21 crore in 2019-20, from Rs 1,366.54 crore in 2018-19. Total income in 2019-20 was Rs 3,097.42 crore up from Rs 2,907.94
The board has advised a ultimate dividend of .50 paisa for each share of 10 each and every for 2019-20 topic to the approval of shareholders in the ensuing Annual Basic Conference.
The remaining dividend is in addition to the interim dividend of Rs1.70 for each equity share for 2019-20 compensated in the month of February, 2020.
SJVN is principally engaged in only technology and sale of power.
The firm has also authorized a consolidated 1-time rebate of Rs 57.82 crore to the DISCOMs and Electrical power Departments of States/Union Territories for the lockdown period.
Out of this, an total of Rs 6.09 crore pertains to current economical calendar year and has been modified from the revenue from operations and balance volume of Rs 51.73 crore will be modified from the expenses of monetary yr 2020-21.
There will be no impression of lockdown due to COVID-19 pandemic on the company’s skill to continue on as a likely worry. More in the opinion of the management there is no indicator of any impairment of assets, the organization said.
The business produced 9.54 billion units (BU) hydro energy in 2019-20 up from 8.33 BU. The firm also produced 128.11 million models (MU) wind power in 2019-20 as versus 91.74 MU. Its solar energy generation is 6.58 MU in 2019-20 down from 7.40 MU in 2018-19.


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