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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)
Time of India
3 days ago
- Business
- Time of India
SJVN shares in focus after co posts Q4 loss of Rs 127.6 cr vs profit year ago
Live Events SJVN share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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 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 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 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 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 Thursday, SJVN shares fell by 0.25% to close at Rs 101.90 on the BSE.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
News18
3 days ago
- Business
- News18
SJVN reports Rs 128 cr loss in Jan-Mar quarter
Agency: PTI Last Updated: New Delhi, May 29 (PTI) State-run SJVN Ltd on Thursday reported a Rs 127.72 crore loss in the March quarter due to higher expenses. The company had posted a net profit of Rs 61.08 crore in the January-March period of 2023-24, the company said in an exchange filing. The company's total income declined to Rs 548.84 crore from Rs 573.23 crore in the fourth quarter of FY24. Expenses increased to Rs 697.96 crore from Rs 606.60 crore in the last quarter of FY24. The board recommended a final dividend of Rs 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, and will be paid within the statutory period as prescribed in the Companies Act, 2013. PTI ABI MR
Time of India
14-05-2025
- Business
- Time of India
Tariff in solar+ESS auction 5.8% lower than previous SECI tender
New Delhi: In a significant development for India's renewable energy sector, a solar project integrated with energy storage has recorded a tariff of ₹3.32 per unit—5.8 per cent lower than the rate discovered in a similar tender by SECI in December 2024, according to a report by JMK Research. The tariff was discovered in a reverse auction conducted by SJVN Ltd for setting up 1200 MW of solar capacity co-located with 600 MW/2400 MWh of energy storage, offering four hours of backup. The latest price matches the tariffs seen in recent wind-solar hybrid (WSH) auctions and falls well below those in standalone wind bids, JMK Research said. The report highlighted the growing shift toward integrating energy storage with solar generation. A February 2025 notification by the Ministry of Power mandates that all upcoming solar tenders include co-located ESS of at least two hours' duration, equivalent to 10 per cent of the project's installed capacity. These Solar + ESS projects are intended primarily for energy shifting, aimed at balancing the gap between peak solar generation and peak power demand. Though most utility-scale tenders remain technology-agnostic, the requirement for solar co-location and a 24-month commissioning deadline is likely to favour battery energy storage systems (BESS), the report said. The ongoing decline in battery prices has played a central role in bringing down project tariffs. Since June 2024, global prices for Lithium Iron Phosphate (LFP) cells have dropped by around 6 per cent as of April 2025. According to Bloomberg estimates cited in the report, battery prices could decline further to about USD 112 per kWh by the end of 2025, potentially driving future Solar + ESS tariffs even lower. However, the upcoming implementation of the Approved List of Cell Manufacturers (ALCM) policy from June 2026 may temporarily raise tariffs until Indian cell manufacturing capacities scale up. As the share of variable renewable energy (VRE) grows, Solar + ESS configurations are expected to become standard in future solar projects. This shift is seen as critical for India to meet its target of 47.2 GW of battery energy storage by 2031-32 and to integrate 500 GW of renewable energy into the national grid by 2030, the report added.
The Print
29-04-2025
- Business
- The Print
DVC signs pacts with SJVN to source hydropower to meet green energy obligations
The agreements come on the heels of five similar PPAs signed between DVC and NHPC, and are part of a broader strategy to diversify the former's energy portfolio and strengthen grid reliability across the Damodar Valley region. The hydropower will be sourced from SJVN Ltd's Sunni Dam and Luhri Stage-I Hydro Projects. Kolkata, Apr 29 (PTI) The Damodar Valley Corporation (DVC) on Tuesday said it has signed power purchase agreements with SJVN Ltd for sourcing hydropower, in a bid to boost the multipurpose river valley project's push towards green energy and ensure stable supply for its consumers in West Bengal and Jharkhand. 'These PPAs are aimed at securing green energy obligations in our distribution business,' DVC Member-Secretary John Mathai told PTI. 'It will help us meet 100 per cent of our future obligations in green energy — be it solar, hydro, or any other source,' he said. DVC currently distributes around 43 billion units annually across its command area in West Bengal and Jharkhand. Its power supply is primarily high-tension electricity catering to industrial consumers. Under the latest pacts, DVC will procure hydropower from SJVN as allocated by the Ministry of Power. The agreements will become effective upon the commissioning of the respective projects. With an installed capacity of nearly 6,500 MW, predominantly thermal, DVC's future expansion plans are focused heavily on clean energy. The latest agreements are expected to boost peak demand management, support industrial growth, enhance grid stability and reinforce the adoption of renewable energy in the region. 'This collaboration aligns with our strategy to provide stable, sustainable and affordable power to our consumers while complementing our existing thermal and renewable assets,' Mathai added. PTI BSM RBT This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
