SJVN share price tanks 5% as firm sees ₹127.72 crore loss for March quarter

The company had posted a net profit of ₹61.08 crore in the January-March period of 2023-24.

Following this, shares of SJVN were trading at ₹97.14 apiece on the National Stock Exchange, slumping 4.91%.

The stock has plunged over 64.3% from its 52-week high of ₹159.65 per share.

The power generation firm's total income declined to ₹548.84 crore from ₹573.23 crore in the fourth quarter of FY24.

Its expenses increased to ₹697.96 crore from ₹606.60 crore in the last quarter of FY24.

SJVN’s board has 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, and will be paid within the statutory period as prescribed in the Companies Act, 2013.

The company informed that its board has also approved raising funds through securitisation of partial future unencumbered free cash flow of the Nathpa Jhakri Hydro Power Station (NJHPS).

Meanwhile, this week, Reliance Power said its arm Reliance NU Energies has received a letter of award for a 350 MW solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System from SJVN.

Over the last five trading days, SJVN shares have tumbled over 5%, while for a month’s period, the stock gained 3.2%.

Since December 2, 2024, which is six months, shares of the firm have tanked 14.7%.

The company’s market capitalisation stands at ₹38,174.03 crore.

Shares of the firm had touched its one-year high of ₹159.65 apiece on July 26, 2024, while its 52-week low of ₹80.54 was hit on March 3, 2025.