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.