SJVN disclosed a steep drop in standalone net profit for the quarter ended March 2016. During the quarter, the profit of the company declined 20.32% to Rs 1,474.80 million from Rs 1,850.80 million in the same quarter previous year.
Revenues for the quarter declined marginally 0.12% to Rs 3,858.00 million, compared with Rs 3,862.80 million for the prior year period.
Operating margin for the quarter stood at 68.90 percent as compared to 82.38 percent for the previous year period. Operating Income for the quarter was Rs 2,658.10 million, compared with Rs 3182.1 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.36, registering 20.00% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 16 | Mar - 15 | %Change |
| Revenues | 3,858.00 | 3,862.80 | (0.12) |
| Net Profit | 1,474.80 | 1,850.80 | (20.32) |
| Diluted EPS | 0.36 | 0.45 | (20.00) |
Shares of the company declined Rs 0.7, or 2.43%, to trade at Rs 28.05. The total volume of shares traded was 81,668 at the BSE (1.43 p.m., Friday).
