SJVN Narrows Losses With Soaring Revenue
State-owned SJVN significantly reduced its consolidated losses to Rs 117.84 crore for the March quarter, driven by a substantial increase in income. The company's income tripled to Rs 1,548.46 crore, leading to a financial improvement from the previous year's loss of Rs 127.72 crore.
SJVN, a state-owned enterprise, announced a reduction in its consolidated loss to Rs 117.84 crore during the March quarter, citing a notable rise in total income as a key factor.
The company detailed in its exchange filing that total income for the period soared to Rs 1,548.46 crore, a threefold increase from the prior year's Rs 548.84 crore.
On a standalone basis, SJVN's net profit surged to Rs 125.40 crore, with income doubling to Rs 1,047.70 crore. The board recommended a final dividend of 35 paise per equity share for 2025-26. The Government of India holds a majority 55% stake in the company, with the Himachal Pradesh government and public holding 26.85% and 18.15%, respectively.
(With inputs from agencies.)
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