SJVN Shares: The shares of SJVN Restricted, a authorities firm that manufacture hydroelectric energy, noticed a pointy decline on Friday 30 Might. The corporate’s shares fell by 6 per cent to achieve the extent of Rs 96.10. The decline within the firm’s shares got here after the corporate’s March quarter outcomes, which had been launched after the market closed on Thursday. SJVN reported that the corporate recorded a internet loss in the course of the March quarter, whereas it was in revenue in the identical quarter a yr in the past. SJVN stated that it had a internet lack of Rs 127.7 crore within the March quarter, whereas it had filed a internet revenue of 61 crores in the identical quarter of final yr. The corporate’s income have been affected resulting from rising bills. Nonetheless, the corporate’s income rose 4.5% to Rs 504.4 crore within the March quarter, which was Rs 482.9 crore in the identical quarter a yr in the past. SJVN’s working revenue (EBITDA) stood at a slight enhance in the course of the March quarter to Rs 240.8 crore, which is barely greater than final yr. Nonetheless, the Ebitda margin 185 foundation factors declined to 47.75%, whereas final yr it was 49.6%. The involved newscampy has accredited the Nathpa Jhakri Hydro Energy Station (NJHPS) partial future uncomfortable free money circulation and elevating funds. SJVN has additionally introduced the distribution of dividend together with the outcomes. The corporate stated that it’s going to give a closing dividend of Rs 0.31 to the shareholders for FY 2025. SJVN shares had been buying and selling at a worth of Rs 96.06 at a worth of Rs 96.06, at round 1.15 pm. Up to now this yr, the corporate’s shares have fallen by about 13.34 %. Its present market cap is about Rs 37,750 crore. Additionally read- New entry in F & O phase! These 9 shares together with India Dynamics, Majhgaon Dock, RVNL embrace the concepts and funding recommendation given by consultants/brokerage companies on Moneycontrol, not their very own, not the web site and its administration. Moneycontrol advises customers to seek the advice of an authorized skilled earlier than making any funding resolution.
