SJVN Q4 Results: PSU Slips Into Loss Despite Higher Revenue; Dividend Declared
SJVN Ltd. slipped into loss in the fourth quarter of financial year, depsite an uptick in revenue.
SJVN Ltd. slipped into loss in the fourth quarter of financial year, depsite an uptick in revenue.
The puiblic sector hydropower producer reported a net loss of Rs 127.6 crore in the January-March period, compared to a net profit of Rs 61 crore in the corresponding quarter last year, as per financial results released on Thursday.
Notably, last year had an exceptional gain of Rs 103.84 crore. Moreover, higher expenses also took hit the bottomline this time.
Revenue from operations increased by 4.5% to Rs 504 crore from Rs 483 crore last year.
For the whole year, profit dropped 10% to Rs 818 crore versus Rs 911 crore in FY24.
SJVN Q4 Highlights (Consolidated, YoY)
Revenue up 4.5% to Rs 504 crore versus Rs 483 crore.
Ebitda up 0.4% to Rs 241 crore versus Rs 240 crore.
Margin at 47.8% versus 49.7%.
Net loss at Rs 127.6 crore versus profit of Rs 61 crore.
Note: Exceptional gain of Rs 103.84 crore in Q4 FY24.
Income from renewable energy (wind and solar) was Rs 67.5 crore, higher than Rs 28 crore in the previous corresponding quarter.
SJVN Dividend
SJVN board rcommended a final dividend of Rs 0.31 per equity share for FY25 subject to the approval of shareholders in the ensuing Annual general meeting.
The final dividend is in addition to the interim dividend of Rs 1.15 declared in February.
SJVN share price settled 0.4% lower at Rs 102.16 apiece ahead of the results, compared to a 0.4% gain in the benchmark Sensex. The stock has fallen 27% in the last 12 months and 8% on a year-to-date basis.
Four out of the six analysts tracking SJVN have a 'buy' rating on the stock, and one each recommend a 'hold' and a 'sell', according to Bloomberg data. The average of 12-month analyst price target of Rs 113 implies a potential upside of 11%.
