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SJVN shines on reporting 3-fold jump in Q4 net profit

SJVN is currently trading at Rs. 26.50, up by 1.20 points or 4.74% from its previous closing of Rs. 25.30 on the BSE.

The scrip opened at Rs. 27.40 and has touched a high and low of Rs. 27.75 and Rs. 26.40 respectively. So far 323450 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 31.50 on 30-May-2018 and a 52 week low of Rs. 22.25 on 28-Feb-2019.

Last one week high and low of the scrip stood at Rs. 27.75 and Rs. 24.05 respectively. The current market cap of the company is Rs. 10394.31 crore.

The promoters holding in the company stood at 88.78%, while Institutions and Non-Institutions held 6.89% and 4.33% respectively.

SJVN has reported over 3-fold jump in its net profit at Rs 458.92 crore for the quarter ended March 31, 2019 as compared to Rs 132.92 crore for the same quarter in the previous year. Total income of the company jumped by 2-fold at Rs 876.14 crore for Q4FY19 as compared Rs 436.42 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 11.38% in its net profit at Rs 1,364.29 crore as compared to Rs 1,224.88 crore for the previous year. Total income of the company increased by 12.44% at Rs 2,908.99 crore for year under review as compared to Rs 2,587.07 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 11.59% in its net profit at Rs 1,366.56 crore as compared to Rs 1,224.61 crore for the previous year. Total income of the company increased by 12.54% at Rs 2,907.94 crore for year under review as compared to Rs 2,583.95 crore for year ended March 31, 2018.

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