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SJVNL Ltd's Q4 net down by 56% at Rs 122.56 cr

The total income of the company was Rs 436.42 crore in the March quarter
BY BEx Bureau
BusinessEx
May 29, 2018

State-run SJVNL reported 56 percent decline in its standalone net profit at Rs 122.56 crore in the quarter ended March 2018 mainly due to lower income.

The company had posted a standalone net profit of Rs 278.94 crore in the quarter ended March 2017, a BSE filing said. The total income of the company was Rs 436.42 crore in the March quarter, down from Rs 672.59 crore a year ago.

The consolidated net profit of the company stood at Rs 1,212.67 crore in 2017-18, as against Rs 1,541.32 crore in the previous fiscal.

The company's board has recommended a final dividend of Rs 0.20 per share of Rs 10 each for 2017-18. The final dividend is in addition to interim dividend of Rs 1.90 per equity share for 2017-18 paid in February 2018.

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