SJVN Ltd Q3 results, Net profit stood at Rs 139 crore for third quarter

State-owned SJVN Ltd has announced its quarterly results for the third quarter ending December. Net consolidated profit is standing at Rs 139 crore, plunged by 51.6% year-on-year.

SJVN Ltd Q3 results, Net profit stood at Rs 139 crore for third quarter

New Delhi: According to the company filing, the previous corresponding fiscal year had reported a net profit of Rs 287 crore for Q3FY23. The revenue from operations has declined 1.6% to Rs 543.3 crore against Rs 552 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA declined 3.2% to Rs 368.5 crore in the third quarter of the FY24 over Rs 380.6 crore overall year-on-year.

The company has meanwhile, declared the interim dividend of Rs 1.15 per equity share for the financial year 2023-24. The shares of the company were slowing down to Rs 140.60, by 6.67% on the BSE after the result was announced.

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The EBITDA margin is fixed at around 67.8% in the reporting third quarter against 69% in the corresponding period of FY23. The payment of the dividends shall start from 04.03.2024 onwards.

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