SJVN posts record 50.43% profit rise in 2014-15

Sutlej Jal Vidyut Nigam (SJVN) has posted a record increase of 50.43 per cent in Profit After Tax  at Rs 1,676.75 crore during the FY 2014-15. The net profit of the company stood at Rs 1,114.63 crore in the last financial year, a company spokesman said. While company’s total income increased 50.38 per cent from Rs 1,873.58 crore to Rs 2,817.53 crore, the PBT (Profit Before Tax) grew by 52.98 per cent from Rs 1,338.19 crore to Rs 2,047.25 crore. 

The company’s EPS increased from Rs 2.69 to Rs 4.05. The Central Electricity Regulatory Commission has approved the tariff for NJHPS for 2009-14. Accordingly, Rs 571.25 crore on account of arrears has been included in sales. SJVN CMD R N Misra said that as per the MoU between the Government and SJVN for 2015-16, SJVN targets energy generation of 8,520 million units (under Excellent parameters) from its 1500 MW Nathpa Jhakri Hydro Power Station.