SJVN limited has recorded a 60.90 per cent increase in the PAT (Profit After Tax) during the first half of FY 2014-15. The net profit of the company increased to Rs1,221.07 crore from Rs758.87 crore earned during the corresponding period of last financial year.
In a statement on Friday, the State owned SJVN said while the company's total income increased 55.52 per cent from Rs1,293.12 crore to Rs2,011.03 crore, the PBT (Profit Before Tax) grew 62.81 per cent from Rs929.19 crore to Rs1,512.81 crore. Resultantly, the company's EPS during the period has increased from Rs1.83 to Rs2.95.
The financial results of the company were declared at a meeting of the Board of
Directors held at New Delhi on Friday.
The Central Electricity Regulatory Commission (CERC) has approved the tariff for NJHPS for the period 2009-14. Accordingly an amount of Rs571.25 crore on account of arrears has been included in sales.
During the financial year 2013-14 SJVN generated 7183 million units of electricity against the MoU target of 6930 million units. The Company's other two projects namely 412 MW
Rampur HE Project in Himachal Pradesh and 47.6 MW Khirvire Wind Power Project in Maharashtra are already in operation. SJVN which has already diversified in the field of Wind Power, Thermal Power and
Power Transmission is presently generating 2000 MW of electricity.