SJVN net profit goes up by Rs 75.61 crore to Rs 1,633 crore in FY 2020-21

New Delhi: Miniratna power PSU SJVN Limited announced its financial performance for FY 2020-21 on Saturday. During the year the company has earned a net profit of Rs 1,633.04 crore against Rs 1,557.43 crore, which was earned during the previous financial year 2019-20, registering an increase of Rs 75.61 crore. The results were announced by SJVN Limited's Chairman & Managing Director (CMD) NL Sharma, after the company's board meeting held on Saturday.

Announcing the financial results for FY 2020-21, Sharma told that during the year, SJVN had netted a total income of Rs 3,213.07 crore against Rs 3,095.24 crore during the past year registering an increase of Rs 117.83 crore. The earning per share of a face value of Rs 10 has increased to Rs.4.16 against Rs 3.96, he told.

Sharma informed that the Board of Directors had declared a dividend of Rs 2.20 per equity share. A dividend payout of Rs.1.80, he told, had already been given earlier as an interim dividend while the balance payout of Rs.0.40 will be made shortly.

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The SJVN had generated 9,224 million units of electricity from its five power stations comprising of two Hydro Power Stations in Himachal Pradesh, two Wind Power Stations and one Solar Power Station in Maharashtra and Gujarat against Design Energy of 8700 Million Units. Sharma also informed that SJVN had entered into an agreement with Gujarat Urja Vikas Nigam for implementing a 70 MW Solar Power Plant in Gujarat.

Sharma told that SJVN's financial performance during the fourth quarter of the previous financial year too had been excellent as the company had earned a total income of Rs 1,081.13 crore during the fourth quarter of the financial year 2020-21 against Rs 704.70 crore during the corresponding quarter of the previous financial year registering an increase of around 53.4 percent. The net profit of the company too had registered an increase of 53.66 percent, from Rs 399.44 crore to Rs 613.80 crore. During the quarter, SJVN had upped its EPS from Rs 1.01 to Rs 1.56.

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