SJVN’S Profit After Tax jumps 21% to around `1,652 crore
NEW DELHI: SJVN Limited registered its highest ever annual cumulative generation in FY 2019-20 and recorded a Profit After Tax of Rs 1,651.89 crore, an increase of 21 per cent over 2018-19 (Rs 1364.29 crore). SJVN in its Board Meeting declared the financial results for the FY 2019-20 today.
The Board of Directors approved the Audited Financial Results for the FY 201920 and recommended a final dividend of Rs 0.50 per share, which is in addition to the Rs 1.70 interim dividend per share declared in March 2020. The total dividend pay-out to the shareholder’s will be Rs 864.56 crores (@ Rs 2.20 per share) compared to Rs844.91 crores paid last year.
While the company’s Revenue
recorded an increase of 6.1 per cent from Rs2908.99 crore to Rs 3089.15 crore, the Profit Before Tax (PBT) grew 9.3 per cent from Rs 1792.54 crore to Rs 1959.36 crore. Resultantly, the company’s EPS during the year has jumped from Rs 3.47 to Rs 4.20 an increase of 21 per cent, which is good news to all the shareholders
During the FY 201920 Power Stations of SJVN achieved highest ever cumulative generation of 9678 Million Units as compared to 8435 Million Units achieved during FY 2018-19 an increase of 14.7 per cent. Nand Lal Sharma, Chairman & Managing Director said that a company which started with a single hydro project in the year 1988, today has portfolio of 7489.2 MW, out of which 2015.2 MW is under operation, 2880 MW is under construction, 482 MW is under pre- construction & investment approval and 2112 MW is under survey & investigation stage.
Sharma informed that Hydro Power is core competence of Team SJVN and presently SJVN is constructing 900 MW Arun 3 Hydro Electric Project in Nepal, 600 MW Kholongchhu Hydro Electric Project in Bhutan and 60 MW Naitwar Mori Hydro Electric Project in Uttarakhand. In addition to this SJVN is also constructing 1320 MW Buxar Thermal Power Plant in Bihar.
Nand Lal Sharma also informed that SJVN is implementing Eight (8) Hydro Projects in Himachal.