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SJVN stock slides over 15% after PSU reports poor third quarter results

February 12, 2024
in Business
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SJVN stock slides over 15% after PSU reports poor third quarter results

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SJVN Share Value: SJVN shares slipped over 15 per cent on BSE on Monday (February 12, 2024) after the hydroelectric energy era and transmission agency reported weak December quarter outcomes.

The SJVN inventory was buying and selling decrease by 15.18 per cent, or Rs 21.35, at Rs 119.25, at 10:35 am on Monday. 

The inventory that closed at Rs 140.60 on Friday opened at Rs 122.25. It reached the day’s excessive of Rs 130.65 and hit the day’s low of Rs 114.70.   

The corporate’s consolidated revenue after tax (PAT) was down by 51.57 to 139 crore within the December quarter in opposition to Rs 287 crore 12 months-on-12 months (YoY).

SJVN’s income from operations slipped by 1.63 per cent to Rs 543 crore within the third quarter comapred to Rs 552 crore in the identical quarter final fiscal.

Its margin additionally slipped to 67.80 per cent within the quarter beneath overview in comparison with 68.94 YoY. 

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Tags: PoorPSUquarterreportsResultsSJVNSlidesStock
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