SJVN Ltd's Q3FY19 standalone net profit declines 24.6% yoy to Rs155cr
The company’s standalone revenue stood at Rs485cr, up 7.4% yoy but down 35.6% qoq.
Feb 08, 2019 08:02 IST India Infoline Research Team
SJVN Ltd Q3FY19
Standalone Results Q3FY19: (Rs. in cr)
| Q3FY19 | YoY (%) | |
|---|---|---|
| Revenue | 485 | 7.5 |
| EBITDA | 332 | 5.7 |
| EBITDA Margin (%) | 68.5 | [117] |
| Net Profit (adjusted) | 155 | [24.7] |
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SJVN reported slight growth in revenues and EBITDA in Q3FY19. However, adjusted net profit was lower due to adverse movement in net regulatory deferral account balance. Revenue rose by 7.5% yoy to Rs485cr. EBITDA stood at Rs332cr, up 5.7% yoy, while EBIDTA margin fell by 117bps yoy to 68.5%. Adjusted Net Profit stood at Rs155cr, down 24.7% yoy.
- Sales for NJHPS have been provisionally recognized at Rs335cr for Q3FY19 (up 3.9% yoy).
- Sales for Rampur Hydro Power Station (RHPS) have been provisionally recognized at Rs145cr for the quarter, up 15.8% yoy.
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Power generation for Q3FY19 stood at:
- Hydro – 1,303mn units, up 1.7% yoy
- Wind – 9.3mn units, up 92.5% yoy
- Solar – 2.17mn units, up 1.4% yoy
- The company has provisioned an amount of Rs59.5cr towards regularization of pay scales.
- The Board of directors has declared an interim dividend of Rs1.5 per share.
Technical View:
SJVN Ltd is currently trading at Rs. 26, up by 0.45 points or 1.76% from its previous closing of Rs. 25.55 on the BSE.
The scrip opened at Rs. 25.90 and has touched a high and low of Rs. 26 and Rs. 25.50 respectively. So far 3,17,862 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.
