SJVN's stock jumps 2.6% despite mixed quarterly results
SJVN, the government-owned hydropower company, saw its stock climb 2.61% to ₹95.48 on Monday, landing among the top gainers in the Nifty Midcap 150—even though its latest results were a mixed bag.
For April-June 2025, revenue ticked up to ₹917 crore, but net profit dropped sharply to ₹236.89 crore from last year's ₹356.19 crore.
Annual revenue growth but net profit decline
Despite bringing in more money overall—annual revenue for March 2025 was up 19% at ₹3,072 crore—SJVN's profits actually shrank to ₹812 crore from last year's ₹907 crore.
Earnings per share also slipped, hinting at tighter margins and rising costs.
New director appointed, final dividend announced
The company just appointed a new director representing Himachal Pradesh and announced a final dividend of ₹0.31 per share (with September 18 as the record date).
Still, SJVN shares look pricey right now: they're trading at over twice their book value and have a high price-to-earnings ratio of about 46—so investors seem cautious despite some hope in the air.