Revenue drops practically 13 per cent to Rs 399 crore, Power Information, ET EnergyWorld

Revenue drops practically 13 per cent to Rs 399 crore, Power Information, ET EnergyWorld

New Delhi: State-run power producer SJVN Ltd on Monday reported a 13 per cent decline in consolidated web revenue to Rs 399.21 crore for the Januar

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SJVN Q4 results: Profit drops nearly 13 per cent to Rs 399 croreNew Delhi: State-run power producer SJVN Ltd on Monday reported a 13 per cent decline in consolidated web revenue to Rs 399.21 crore for the January-March quarter in comparison with the year-ago interval.

The consolidated web revenue was Rs 458.76 crore within the quarter ended on March 31, 2019, a regulatory submitting stated.

Complete revenue within the quarter declined to Rs 697.63 crore from Rs 874.71 crore in the identical interval final 12 months.

Its consolidated web revenue rose to Rs 1,661.21 crore in 2019-20, from Rs 1,366.54 crore in 2018-19. Complete revenue in 2019-20 was Rs 3,097.42 crore up from Rs 2,907.94

The board has really helpful a ultimate dividend of 0.50 paisa per share of 10 every for 2019-20 topic to the approval of shareholders within the ensuing Annual Common Assembly.

The ultimate dividend is along with the interim dividend of Rs1.70 per fairness share for 2019-20 paid within the month of February, 2020.

SJVN is primarily engaged in solely technology and sale of energy.

The corporate has additionally accredited a consolidated one-time rebate of Rs 57.82 crore to the DISCOMs and Energy Departments of States/Union Territories for the lockdown interval.

Out of this, an quantity of Rs 6.09 crore pertains to present monetary 12 months and has been adjusted from the income from operations and steadiness quantity of Rs 51.73 crore might be adjusted from the payments of monetary 12 months 2020-21.

There might be no influence of lockdown as a consequence of COVID-19 pandemic on the corporate’s capability to proceed as a going concern. Additional within the opinion of the administration there isn’t any indication of any impairment of belongings, the corporate stated.

The corporate generated 9.54 billion items (BU) hydro energy in 2019-20 up from 8.33 BU. The corporate additionally generated 128.11 million items (MU) wind energy in 2019-20 as in opposition to 91.74 MU. Its photo voltaic power technology is 6.58 MU in 2019-20 down from 7.40 MU in 2018-19.



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