SJVN half year profits touch Rs 759.31 Cr

Shimla: Public sector power generating company SJVN reported a 29% increase in its profits for the July-September quarter over its last year corresponding quarter.

Whereas last year in the July-September quarter the company had earned a profit of Rs 319.59 Cr, this year quarter with the 1500 MW Jhakri plant working at over 100% capacity the company has reported a profit of Rs 411.10 crore.

The half yearly profits also registered an increase of 24.5% at Rs 759.31 crore against Rs 610.35 crore during the corresponding period of last year.

The financial results of the company were finalized at a board meeting Delhi today.

SJVN’s Earnings Per Share (EPS) have increased to Rs 1.84 against Rs 1.48 for the corresponding period over last year.

Generation for a six month period at Jhakri plant, which happens to be the country’s largest hydropower plant touched 5876.08 million units (MU of energy against 5030.75 MU during the corresponding period of last year.

In 2010-11 SJVN had reported a profit of Rs 912.13 crore. Himachal Pradesh government has a 25 % share holding in the central public sector undertaking, with public holding being 10 percent.