SJVN standalone net profit stood at Rs 132.92 crore in the corresponding period of the previous financial year, a statement by the company said.
SJVN Ltd said on May 29 its standalone net profit has risen nearly three-and-a-half times to Rs 458.92 crore in the March quarter, due to higher revenues.
The company’s standalone net profit stood at Rs 132.92 crore in the corresponding period of the previous financial year, a statement by the company said.
Its total income in the March quarter rose to Rs 876.14 crore, compared with Rs 436.42 crore a year ago.
The consolidated net profit also increased to Rs 1,366.56 crore in 2018-19 from Rs 1,224.61 crore in the previous financial year.
The firm’s total income rose to Rs 2,907.94 crore in the financial year, against Rs 2,583.95 crore in 2017-18.
The board has recommended a final dividend of Rs 0.65 per share of Rs 10 each for 2018-19, subject to the approval of shareholders in the ensuing annual general meeting. The final dividend is in addition to the interim dividend of Rs 1.50 per share for 2018-19 paid in February 2019.
The company is primarily engaged in only one segment — generation and sale of hydroelectric power.
