SJVN Q3 results: standalone PAT up 81% YoY, 1.15 rupee interim dividend declared
SJVN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.1 pts more than Nifty Midcap 150 and 6.5 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SJVN standalone Q3 revenue grew 35% YoY to Rs 846.13 Cr and PAT jumped 81% to Rs 251.71 Cr, helped by Rs 173.95 Cr prior period tariff income from Rampur HPS. Board declared Rs 1.15 per share interim dividend (record date Feb 20). Company also plans to raise Rs 1,000 Cr via NCDs. Nine-month standalone PAT dipped slightly to Rs 882.50 Cr from Rs 939.46 Cr. Bikaner Solar (1000 MW) and one unit of Buxar Thermal (660 MW) achieved commercial operation this quarter.
Strong Q3 from tariff true-up and new solar/thermal capacity. Dividend plus fundraise announced. Watch softer 9M PAT and pending CERC tariff orders.