SJVN Share Price: Shares of state-owned power sector company SJVN Ltd declined by over 5 per cent, trading at Rs 96.89 apiece on the NSE on May 30. The Navratna company’s shares extended their losing streak for the third straight session on May 30.
SJVN Share Price: Shares of state-owned power sector company SJVN Ltd declined by over 5 per cent, trading at Rs 96.89 apiece on the NSE on May 30. The Navratna company’s shares extended their losing streak for the third straight session on May 30.
SJVN share price slipped after the company reported losses in the fourth quarter of FY 2024-25. SJVN informed the exchanges about its financial results for the March quarter of FY 2024-25 on May 29.
SJVN posted a consolidated net loss of Rs 127.72 crore in the March quarter of FY 2024-25 compared to a net profit of Rs 61.08 crore in the corresponding quarter of the preceding fiscal. In the December quarter of FY 2024-25 the company posted a net profit of Rs 148.75 crore.
SJVN’s net profit for the full fiscal FY 2024-25 declined over 10 per cent to Rs 818.02 crore compared to Rs 911.44 crore in the preceding fiscal.SJVN’s consolidated revenue from operations for the March quarter of FY 2024-25 increased by over 4 per cent to Rs 504.4 crore compared to Rs 482.91 crore in the March quarter of FY 2023-24.
Sequentially, the state-owned company’s revenue from operations declined by over 24 per cent from Rs 670.99 crore in the December quarter. SJVN’s consolidated revenue from operations for the full fiscal FY 2024-25 increased by over 19 per cent to Rs 3072.01 crore compared to Rs 2579.37 crore in the preceding fiscal.
SJVN’s board of directors also recommended a final dividend of Rs 0.31 per share for FY 2024-25. The payment of the dividend is subject to the approval of shareholders. Notably, the state-owned company also declared an interim dividend of Rs 1.15 per equity share in the month of February 2025.
Shares of SJVN Ltd have traded with a downward trend on the NSE in the last year. The stock has slipped more than 27 per cent on the NSE in a year. On a year-to-date basis, shares of SJVN Ltd have declined by more than 9 per cent. In six months, the company’s shares have slipped over 18 per cent, and in five days, the stock has fallen over 3 per cent on the NSE.
At the time of writing shares of SJVN Ltd traded at Rs 97.11 apiece down by 4.94 per cent on the NSE.