SJVN announced that the Board of Directors of the Company at its meeting held on 29 May 2019, inter alia, have recommended the final dividend of Rs 0.65 per equity Share (i.e. 6.5%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Net profit of SJVN rose 245.26% to Rs 458.92 crore in the quarter ended March 2019 as against Rs 132.92 crore during the previous quarter ended March 2018. Sales rose 133.52% to Rs 805.16 crore in the quarter ended March 2019 as against Rs 344.79 crore during the previous quarter ended March 2018.

For the full year,net profit rose 11.38% to Rs 1364.29 crore in the year ended March 2019 as against Rs 1224.88 crore during the previous year ended March 2018. Sales rose 19.09% to Rs 2655.77 crore in the year ended March 2019 as against Rs 2229.97 crore during the previous year ended March 2018.

Powered by Capital Market - Live News

The result was announced after market hours yesterday, 29 May 2019.

Meanwhile, the BSE Sensex was up 217.97 points, or 0.55%, to 39,720.02

More than usual volumes were witnessed on the counter. On the BSE, 3.20 lakh shares were traded in the counter so far, compared with average daily volumes of 55,000 shares in the past two weeks. The stock had hit a high of Rs 27.75 and a low of Rs 26.40 so far during the day.

The company's board has recommended a final dividend of Rs 0.65 per share for the year ended 31 March 2019 (FY 2019). The final dividend is in addition to the interim dividend of Rs 1.50 per share for FY 2019 paid in February 2019.

SJVN is a Mini Ratna, Category-I and Schedule -'A' CPSE under administrative control of Ministry of Power, Govt. of India. Beginning with a single project and single state operation, the company has commissioned five projects totaling 2015.2 MW of installed capacity including wind and solar power.

Powered by Capital Market - Live News

SJVN will hold a meeting of the Board of Directors of the Company on 29 May 2019.

Powered by Capital Market - Live News