Latest news with #SJVN
Business Insider
17 hours ago
- Business
- Business Insider
Elara Securities Remains a Buy on SJVN Limited (SJVN)
In a report released yesterday, Rupesh Sankhe from Elara Securities maintained a Buy rating on SJVN Limited (SJVN – Research Report), with a price target of INR131.00. The company's shares closed last Friday at INR96.30. Confident Investing Starts Here: SJVN Limited has an analyst consensus of Hold.
Business Standard
3 days ago
- Business
- Business Standard
SJVN slumps on reporting dismal Q4 PAT
SJVN dropped 5.34% to Rs 96.70 after the company reported consolidated net loss of Rs 127.60 crore in Q4 FY25 as against net profit of Rs 61.08 crore posted in Q4 FY24. However, revenue from operations rose by 4.45% year-over-year to Rs 504.40 crore during the period under review. The company reported pre-tax loss of Rs 146.48 crore during the quarter, compared to a profit before tax of Rs 71.39 crore in Q4 FY24. Total expenses rose 15.06% to Rs 697.96 crore in Q4 FY25 compared to Q4 FY24. During the quarter, electricity purchased for trading stood at Rs 18.58 crore, up 54.77% YoY, while employee benefits expense was Rs 26.06 crore, down 26.06% YoY. For the full year FY25, revenue from operations rose 19.09% to Rs 30,72.01 crore, while net profit fell 10.06% to Rs 819.66 crore. Meanwhile, the companys board has recommended a final dividend of Rs 0.31 per equity share for the financial year 2024-25, subject to the approval of shareholders at the ensuing Annual General Meeting. This final dividend is in addition to the interim dividend of Rs 1.15 per equity share declared in February 2025 for FY 2024-25 and will be paid within the statutory period prescribed under the companies Act, 2013. SJVN is principally engaged in electricity generation. The company is also engaged in the business of providing consultancy.
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Business Standard
3 days ago
- Business
- Business Standard
Reliance Power shares jump 15%, hit 52-week high; rise 111% in one year
Reliance Power share price jumped 15.3 per cent in trade on Friday, May 30, 2025, hitting a 52-week high at ₹59.73 per share on BSE. The stock extended rally for the second consecutive session and rose nearly 17 per cent. The stock has gained nearly 30 per cent in May so far. In the past one year, Reliance Power shares have gained 111 per cent as compared to Sensex's rise of 10 per cent. At 1:14 PM, Reliance Power share price was up 13.6 per cent at ₹59.36 per share on the BSE. In comparison, the BSE Sensex was down 0.28 per cent at 81,408.34. The market capitalisation of the company stood at ₹23,820.64 crore. The 52-week low of the stock was at ₹23.26 per share. Reliance Power order details On Wednesday, after market hours, the Anil Ambani-led company informed investors that its arm Reliance NU Energies has received a letter of award (LoA) from SJVN for a 350 MW inter-state transmission system (ISTS)-connected solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS). According to the filing, once commissioned, the platform will add 600 MW of solar DC capacity, and 700 MWh of BESS capacity to Reliance Power's portfolio, consolidating its leadership in new energy solutions. The company's total clean energy pipeline now stands at 2.4 GW of Solar DC capacity and over 2.5 GWH of BESS capacity. Reliance NU Energies had earlier emerged as the successful bidder in the competitive auction conducted by SJVN, securing the project at a fixed tariff of ₹3.33/kWh for a period of 25 years. The project was part of a larger 1,200 MW solar + 600 MW/2,400 MWh BESS tender, which attracted participation from 19 developers, with 18 qualifying for the final e-reverse auction. "The project reinforces Reliance Power's strategic commitment to renewable energy leadership, while delivering sustainable value creation across stakeholders. It marks a significant milestone in the company's strategic vision to transition toward cleaner energy sources and play a pivotal role in shaping the country's sustainable energy future," the filing read. About Reliance Power Reliance Power, part of the Reliance Group, is one of India's leading private sector power generation companies. The company has an operating portfolio of 5,305 megawatts, that includes 3960 megawatts Sasan Power Limited (world's largest integrated coal based power plant).
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Business Standard
3 days ago
- Business
- Business Standard
SJVN shares down 5% as company slips into loss in Q4; Key details here
SJVN share price lost 5.1 per cent in trade on Friday, May 30, 2025, logging an intraday low at ₹96.86 per share on BSE. The stock slipped after the company posted Q4 results. At 11:05 AM, SJVN share price was down 4.7 per cent at ₹97.33 per share on the BSE. In comparison, the BSE Sensex was down 0.25 per cent at 81,431.38. The market capitalisation of the company stood at ₹38,248.7 crore. The 52-week high of the stock was at ₹159.6 per share and the 52-week low of the stock was at ₹80.5 per share. In the past one year, SJVN shares have lost 23 per cent as compared to Sensex's rise of 10 per cent. SJVN Q4 results 2025 The power generation company posted its Q4 results, after market hours, on Thursday. In the fourth quarter, the company reported a net loss of ₹127.72 crore as compared to profit of ₹61.08 crore a year ago. SJVN dividend The board recommended a final dividend of ₹0.31 per equity share for the financial year 2024-25 subject to the approval of shareholders in the ensuing Annual General Meeting. The final dividend is in addition to the interim dividend of ₹1.15 per equity share declared in the month of February 2025, for the financial year 2024-25. SJVN fundraising About SJVN SJVN Limited is a Navratna public sector enterprise under the Government of India, established in 1988 as a joint venture between the Government of India and the Government of Himachal Pradesh. Headquartered in Shimla, Himachal Pradesh, SJVN specialises in hydroelectric power generation and has expanded into renewable energy sectors including solar, wind, and battery storage.
Economic Times
3 days ago
- Business
- Economic Times
SJVN shares in focus after co posts Q4 loss of Rs 127.6 cr vs profit year ago
Shares of SJVN Ltd are likely to be in focus on Friday, May 30, after the state-owned hydropower and renewable energy company reported a net loss in the fourth quarter of FY25, marking a significant turnaround from its performance a year ago. ADVERTISEMENT The company posted a net loss of Rs 127.6 crore in Q4 FY25, in sharp contrast to a profit of Rs 61 crore reported in the same quarter last year. The decline was partly due to the absence of exceptional gains, as SJVN had reported a one-time gain of Rs 104 crore in Q4 FY24, which had boosted its bottom line last year. Despite the loss, SJVN's revenue during the March 2025 quarter showed modest growth. Revenue rose 4.5% year-on-year to Rs 504 crore, up from Rs 483 crore in the corresponding period of the previous fiscal. The company's renewable energy segment, comprising wind and solar projects, contributed Rs 67.5 crore in revenue during the the board of directors of SJVN announced a dividend of Rs 3.1 per share for its shareholders. Other details like the record date and the payout date will be announced in due course. Also read: Samvardhana Motherson proposes 1:2 bonus issue, recommends final dividend of Rs 0.35 per share ADVERTISEMENT Over the last year, the shares of SJVN have declined by 26.85%, while it is down 7.88% year-to-date (YTD). In the past six months, the stock has dropped 11.05%, but it has shown a recovery in the short term, rising 21.34% over the last three months and 5.57% in the past month. On Thursday, SJVN shares fell by 0.25% to close at Rs 101.90 on the BSE. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
