SJVN powers FY15 profit by 50%, revenue by 54.5%

With a cumulative power generation of 8136 million units from its three operational power plants, public sector SJVN Limited has netted <g data-gr-id="28">all time</g> high revenue of Rs 3261.10 crore during the financial year 2014-15, registering an increase of 54.50 percent at Rs.2110.72 crore during the last fiscal, told Ramesh Narain Misra, Chairman & Managing Director at the company’s 27th Annual General Meeting held in Shimla on Tuesday.

Addressing the shareholders at the AGM, Misra told that correspondingly, the company had also registered a 50.43 percent increase in Profit After Tax at Rs 1676.75 crore against Rs 1114.63 crore in the previous year. The PAT this year he added was also the highest since <g data-gr-id="18">commencement</g> of commercial operations of the company in 2004. 

As a result of the phenomenal increase in profits, the Earning Per Share (EPS) of the company have also increased from Rs. 2.69 per equity share of Rs 10, to Rs 4.05 per share, he added.

For the last financial year, the company had already paid an interim dividend of Rs 0.63 to the shareholders, while an additional dividend of Rs 0.42 had been recommended by the Board of Directors, which was approved in the AGM.  

<g data-gr-id="40">Thus</g> a total dividend of Rs1.05 per share which is also the highest so far would be paid to the shareholders. The total dividend payout, he informed, would work out to Rs 434.35 crore against Rs 405.39 crore @ Rs 0.98 paid during the last financial year.  The dividend yield of the company, he told, was one of the best amongst the peer group power sector companies. Government of India holds 64.46 percent of the company’s <g data-gr-id="38">equity,</g> while 25.51 percent is held by the state government, and the balance 10.03 per cent is with the public. The dividend will accordingly be payable to the equity partners in this proportions.