SJVN Reports Q2 Net Profit Rise to ₹441 Crore, Revenue Grows 16.8%

6 Nov 2024 , 11:22 PM

State-owned SJVN Ltd. reported a slight increase in its consolidated net profit, reaching ₹441 Crore for Q2 FY24, compared to ₹439.6 Crore in the same period last year. The company’s revenue saw a notable growth of 16.8% year-on-year, rising to ₹1,026 Crore, up from ₹878.4 Crore in Q2 FY23.

At the time of closing on November 6, 2024 shares of SJVN Ltd closed at ₹115.40 which is a 1.62% gain than the previous close. SJVN Ltd has gained a total of 57% in the last one year, and 24% gain since the beginning of the year.

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) grew by 17.3% year-on-year, reaching ₹828.4 Crore for the second quarter. Despite the EBITDA growth, the EBITDA margin slightly narrowed to 80.7% from 80.4% in the previous year.

SJVN’s shareholders approved a final dividend of ₹0.65 per share during the Annual General Meeting on September 19, 2024, along with an interim dividend of ₹1.15 per share for FY24-25.