SJVN Share: Shares of government company SJVN rose by 8%

In the early trade on Wednesday, shares of state-owned SJVN rose more than 8% The company posted results for the June quarter on Tuesday morning after markets opened. On NSE, SJVN share price jumped as much as 8.54 per cent to hit an intra-day high of 148.84.

A Solid Q1 Performance

In its latest quarterly financial report, the company continued to show strength with a 29% year-on-year revenue growth of Rs 870.4 crore. Earnings before interest, tax (EBIT), depreciation and amortization (EBITA) climbed 33 per cent to Rs 667.5 crore The company’s EBITDA margin rose 220 basis points to 76.7 percent from the year-ago quarter of 74.5 percent, respectively.

Net profit and generating capacity rise

Net profit of SJVN for the quarter was Rs. 357.1 crore against net loss of Rs. 271.8 crore, higher by a good margin over last year same quater result. Installed production capacity increased 14% for the company, and total generation expanded by an eyebrow-raising amount of +56.3%, totaling at 3292 million kWh.

Approves Decrease In Shares Of SJVN Green Energy By Board

In addition to the strong financial performance, SJVN Board has also accorded in-principle approval for monetization of its Nathpa Zakari Hydro Power Station through securitisation of future partial revenue and equity (ROE).

Approval of the Department of Disinvestment (DIPAM) and Ministry of Power would be required for this transaction, SE subject to approval by DIPAM & MoP …… Board approved sale its whole stake in wholly owned subsidiary SJVN Green Energy Limited

Annual stock performance

Over different time frames, the stock has delivered positive returns on a year-to-date (YTD) basis and one-year periods. The stock has gained 11.34% in the last three months, which bodes well for stability and future growth. Over the past six months, 14-days price change is up at +20.58% — showing a greater price appreciation over that period than Fortuna with their trading volumes dipping (Change (%) just as better in this segment), which are down by -15.67%.

Thus far in the current fiscal year, SJVN shares are up 59.82%, given that the stock moved with a positive flow of junctures during this stretch period Setting a little further back, the stock has added 152.58% over the last year — better than merely x-undisclosed percentage of long-only traders in its sector – and is still stealing attention from investors just as much as other companies falter.