SJVN Ltd on Saturday reported over a fourfold sequential rise in consolidated net profit for the March quarter at ₹820 crore. Total income grew twofold quarter-on-quarter to ₹1,085 crore.
On a year-on-year basis, the March quarter profit has grown twofold from ₹399 crore. SJVN board also recommended a final dividend for 2020-21 of ₹0.4 per share. In addition to the interim dividend paid out in February, the total dividend for the fiscal year comes to ₹2.2 per share.
For the fiscal year 2020-21, profit was down by 2.5 per cent to ₹1,646 crore. However, annual revenue grew by 4 per cent to ₹3,223 crore.
In line with the directions of the central government, the company has given a one-time rebate of ₹58 crore to the discoms and power departments of States and Union Territories, SJVN said in a statement. Accordingly rebate amounting to ₹52 crore has been recognised as an exceptional item, nearly a ninefold rise.
Hydropower generation during the fiscal year declined by 5 per cent to 9,094.26 million units. Revenue from the company’s Wind and Solar vertical declined by 4 per cent to ₹51 crore for the fiscal year.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.