SJVN turns volatile after Q4 results

SJVN rose 0.8% to Rs 25.25 at 14:37 IST on BSE after net profit declined 8.32% to Rs 144.83 crore on 46.29% growth in total revenue from operations to Rs 312.04 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced during market hours today, 28 May 2014.

Meanwhile, the S&P BSE Sensex was down 8.27 points or 0.03% at 24,541.24.

On BSE, so far 6.98 lakh shares were traded in the counter as against average daily volume of 1.85 lakh shares in the past one quarter.

The stock was volatile. The stock surged as much as 4.79% at the day's high of Rs 26.25 so far during the day. The stock lost as much as 0.59% at the day's low of Rs 24.90 so far during the day. The stock had hit a record low of Rs 18.30 on 25 September 2013. The stock had hit a 52-week high of Rs 27.65 on 23 May 2014.

The stock had outperformed the market over the past one month till 27 May 2014, advancing 12.08% compared with the Sensex's 8.2% rise. The scrip had also outperformed the market in past one quarter, jumping 23.7% as against Sensex's 16.97% rise.

The large-cap company has equity capital of Rs 4136.62 crore. Face value per share is Rs 10.

SJVN's net profit rose 5.91% to Rs 1114.63 crore on 11.38% growth in total revenue from operations to Rs 1873.58 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

On consolidated basis, SJVN's net profit rose 5.9% to Rs 1114.50 crore on 11.37% growth in total revenue from operations to Rs 1873.52 crore in FY 2014 over FY 2013.

SJVN (formerly Satluj Jal Vidyut Nigam) was incorporated on 24 May 1988 as a joint venture of the Government of India (GoI) and the state government of Himachal Pradesh (GOHP) to plan, investigate, organize, execute, operate and maintain hydro-electric power projects.

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