SJVN Q4 net profit up 55.3% at Rs619.92cr; stock ends higher

On a sequential basis, net sales revenues were up 103.34% compared to total revenues in the Dec-20 quarter at Rs533.57cr.

Jun 28, 2021 05:06 IST India Infoline News Service

SJVN
SJVN Ltd reported net profits in the Mar-21 quarter up 55.29% at Rs619.92cr largely on a sharp improvement in other income from the surcharge and also lower finance charges. The profit growth would actually have been much higher but the company had a tax credit in the Mar-20 quarter which subdued the profit growth on a yoy basis.

The shares ended at Rs28.85 up by Rs0.15 or 0.52% from their previous closing of Rs28.70 on the BSE. The scrip opened at Rs29.20 and touched a high and low of Rs29.40 and Rs28.70 respectively.

The company’s posted a 54.17% higher consolidated revenues for the Mar-21 quarter at Rs1,084.96cr. On a sequential basis, net sales revenues were up 103.34% compared to total revenues in the Dec-20 quarter at Rs533.57cr.

Net margins at 57.14% in the Mar-21 quarter was higher than 56.73% in the Mar-20 quarter and markedly higher than 37.03% in the sequential Dec-20 quarter.

The company board has approved final dividend at Rs0.40 per share takes the total dividend for the year to Rs2.20 per share.

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