SJVN Q1 Results 2024 Net Profit Falls to ₹6,108 Crore Amid Exceptional Losses

SJVN Limited has reported its financial results for the first quarter of the 2024-2025 fiscal year, revealing a challenging period for the company. For the quarter ending March 31, 2024, SJVN's total income decreased to ₹57,323 crore from ₹60,772 crore in the previous quarter, reflecting a decline in revenue from operations.

Despite a substantial increase in other income, the company's overall income still faced a shortfall due to higher expenses, including a significant rise in depreciation and amortization costs. This financial strain led to a pre-tax loss of ₹3,337 crore, compared to a profit of ₹19,839 crore in the previous quarter.

The company's performance was further impacted by exceptional items, with a notable loss of ₹10,384 crore recorded this quarter. As a result, SJVN's profit before regulatory adjustments dropped to ₹7,139 crore, down from ₹17,446 crore previously.

Despite these challenges, the company reported a net profit of ₹6,108 crore, a decrease from ₹13,897 crore. SJVN’s net worth also saw a positive shift, reaching ₹1,407,085 crore by the end of March 2024.

Overall, while the company continues to operate across various states and maintain its projects, the financial results highlight a period of adjustment and increased costs.

SJVN Q1 Results 2024 - 2025

Here is a summary of SJVN Limited's financial performance for the first quarter of the 2024-2025 fiscal year. The company experienced fluctuations in income and expenses, reflecting a period of financial adjustments. Below is a table outlining the key financial figures for the quarter ending March 31, 2024:

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SJVN Current Market Overview

SJVN Ltd is currently trading at ₹142 per share, showing a small increase of 0.68%. The company's market capitalization is ₹55,607 crore. The stock has fluctuated between a high of ₹170 and a low of ₹55.0 over recent periods.

With a Price-to-Earnings (P/E) ratio of 65.4, the stock appears to be relatively high-priced compared to its earnings. The dividend yield is 0.81%, and the company has a Return on Capital Employed (ROCE) of 4.98% and a Return on Equity (ROE) of 6.09%. SJVN is listed on both the BSE and NSE, reflecting its active presence in the Indian stock market.

Quarterly Results

The following table provides a summary of SJVN's financial performance for the last three quarters:

About SJVN

SJVN Limited is a major Indian power company that was established on May 24, 1988, as a joint venture between the Government of India and the Government of Himachal Pradesh.

Known for its role in the power sector, SJVN initially focused on a large hydroelectric project in Himachal Pradesh and has since expanded its operations across various states in India and even into Nepal.

The company is involved in generating electricity from different sources, including hydro, thermal, and solar power. With a strong track record and a commitment to sustainable energy, SJVN has grown its installed capacity and continues to work on numerous power projects.