Hydro power major SJVN earns profit of Rs 1,633 crore in 2020-21

Chairman and managing director (CMD) of public sector SJVN Limited Nand Lal Sharma has said the company had earned a net profit of Rs 1,633.04 crore during the financial year 2020-21 against Rs 1,557.43 crore earned during the previous financial year 2019-20, registering an increase of Rs 75.61 crore.

SJVN declared financial results for the financial year as well as the fourth quarter, after company’s board meeting held in Shimla on Saturday.

He said during the financial year 2020-21, SJVN had netted a total income of Rs 3,213.07 crore against Rs 3,095.24 crore during the past year registering an increase of Rs 117.83 crore. The Earning per share of a face value of Rs 10 has increased to Rs 4.16 against Rs 3.96. he said.

Sharma added that the board of directors had declared a dividend of Rs 2.20 per equity share. A dividend payout of Rs 1.80 had already been given earlier as interim dividend while the balance payout of Rs 0.40 would be made shortly.

The public sector SJVN had generated 9,224 million units of electricity from its five power stations comprising of two hydro power stations in Himachal Pradesh