In his address Sharma informed that where 2020-21 marked its place in history due to COVID-19 pandemic which unleashed unprecedented global humanitarian and economic crisis, however the Management and the employees of SJVN rose to the occasion to achieve an outstanding operational performance by generating 9224 million units of electricity from 5 power stations. The design energy of these power stations is 8700 million units.
He said that to combat COVID-19 impact, SJVN spent Rs 52.87 crore on Corporate Social Responsibility (CSR) initiatives in 2020-21.
Adding that, Dalal Street Investment Journal declared SJVN as the ‘Most Efficient and Profitable Mini Ratna of the Year 2020’ in the PSU Award category.
Speaking about the Financial Performance, Sharma said SJVN clocked highest ever Profit Before Tax (PAT) of Rs 2168.67 crore in FY 2020-21. The company’s Net Profit increased to Rs 1633.04 crore in 2020-21 from Rs 1557.43 crore in 2019-20 and the Earnings Per Share (EPS) increased from Rs 3.96 per share in 2019-20 to Rs 4.16 per share in 2020-21. SJVN has declared a dividend of Rs 2.20 per share for 2020-21 of which an interim dividend of Rs 1.80 has already been paid in February 2021.
In the first quarter of FY 2021-22 SJVN’s Standalone Profit Before Tax was Rs 445.07 Crore registering an increase of 15.86 per cent the corresponding quarter of the previous year. The Standalone Net Profit increased by 12.77 per cent I.e Rs 339.54 Crore from Rs 301.08 Crore over the June quarter of 2020-21.
In our efforts to raise low cost funds for project financing, SJVN has raised Rs 1000 crores at 6.1 p c through bonds and is in process of raising USD 500 million through External Commercial Borrowings (ECB) at 1.78 p c .
