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Informist, Thursday, May 29, 2025

 

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--[I] SJVN Jan-Mar net profit INR 307.20 mln vs INR 615.10 mln year ago
--[I] SJVN Jan-Mar revenue INR 4.46 bln vs INR 4.62 bln year ago 
--[I] SJVN to pay INR 0.31 per share final dividend for FY25 
--[I] SJVN FY25 net profit INR 9.70 bln vs INR 9.08 bln year ago
--[I] SJVN FY25 revenue INR 28.97 bln vs INR 25.34 bln year ago 
--[I] SJVN Jan-Mar operating margin 49.97% vs 19.18% year ago 

 

 

By Shreya Shetty

 

MUMBAI – SJVN Ltd.'s net profit plummeted 50% on year to an eight-quarter low of INR 307.2 million in Jan-Mar. The net profit was down 78% from a quarter ago. The revenue from operations of the hydroelectric company declined 3.4% on year to INR 4.46 billion. Sequentially, the revenue was down 29%. 

 

The bottom line for 2024-25 (Apr-Mar) rose nearly 7% to INR 9.70 billion, while the top line rose over 14% to INR 28.97 billion.

 

The Navratna company's total expenses for the March quarter were INR 5.17 billion, down 7% on year. While its depreciation and amortisation expenses fell more than 53% on year to INR 1.08 billion, its other expenses declined nearly 8% on year to INR 1.18 billion. The tax expenses were INR 298.4 million compared with a tax write-back of INR 43.4 million a year ago. 

 

SJVN's operating margin for the reporting quarter was 49.97%, higher than the 19.18% last year. Its net profit margin fell to 6.89% in the March quarter from 13.32% in the same quarter a year ago. 

 

Revenue from the renewable energy business, including wind and solar power, was INR 68.30 million for the March quarter, up from INR 52.50 million last year. For FY25, the company earned INR 488.30 million from the segment, over 10% lower than a year ago. 

 

From the sale of power through trading, the company earned INR 186.90 million during the March quarter, nearly 55% higher on year. For FY25, SJVN's net sales through the segment was INR 756.20 million, up from INR 402.10 million in the previous year. Its other income during the quarter more than doubled on year to INR 1.27 billion.

 

The company's board approved raising funds through the securitisation of the partial future unencumbered free cash flow of the Nathpa Jhakri Hydro Power Station of the company. The amount was not disclosed.

 

On Thursday, the company's shares ended at INR 102.16 on the National Stock Exchange, down 0.5% from the previous close. The company announced its results for the March quarter after market hours. End

 

Edited by Saji George Titus

 

 

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