Green Energy Stock in Focus: SJVN Limited
Today's focus is on SJVN Limited, a Mini Ratna, Category-I and Schedule –'A' CPSE under the administrative control of the Ministry of Power, Government of India.
May 31, 2024. By Abha Rustagi
With the global economy now widely accepting that climate change and carbon emission needs to be addressed with utmost priority, investors are now more keenly watching the renewable energy sector which is paving the path to sustainable development.
Today's focus is on SJVN Limited, a Mini Ratna, Category-I and Schedule –'A' CPSE under the administrative control of the Ministry of Power, Government of India.
The shares of the company are currently trading between INR 130.55 to INR 136.95 today.
The company on a standalone basis posted a 254 percent jump in net profit to INR 61.1 crore in March 2024 quarter against INR 17.2 crore in March 2023 quarter. Meanwhile, the revenue of the company declined 4.1 percent to INR 482.9 crore in Q4 FY24 from INR 503.8 crore in the corresponding quarter. Moreover, EBITDA declined 22.4 percent to INR 239.7 crore from INR 309.9 crore in Q4 FY23.
On an annual basis, the company has reported a net profit of INR 911.44 crore for fiscal 2024 as against INR 1359.30 crore in FY23. Its revenue declined to INR 2579.37 crore in FY24 from INR 2938.35 crore in fiscal 2023. However, the company has declared a final dividend of INR 0.65 per equity share for the fiscal 2023.
SJVN has a market cap of INR 52,463 crores with 52 weeks high and low of INR 170.50 and INR 35.50 respectively. The prospects of the company look bright from the present scenario and with these factors along with the strategic initiatives by the company, SJVN is a renewable energy major.
If you are an investor looking at the green energy sector then SJVN is certainly worth keeping an eye on. Keep checking Energetica India to know more about the SJVN updates along with other green energy stocks that are creating the future of sustainable investing.
please contact: contact@energetica-india.net.
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