SJVN Q2 Results Live: Profit Rises by 1.27% YoY | Company Business News

SJVN Q2 Results Live : SJVN declared their Q2 results on November 7, 2024, reporting a significant increase in revenue and profit compared to the same period last year. The company’s topline surged by 16.84%, while profit experienced a modest rise of 1.27% year-on-year (YoY).

Compared to the previous quarter, SJVN demonstrated robust growth with revenue increasing by 17.91% and profit rising by 13.88%. This positive trend reflects the company’s strong operational performance.

In terms of expenses, SJVN saw a decline in Selling, General & Administrative expenses by 9.58% quarter-on-quarter (QoQ), although they rose by 14.52% compared to the previous year. This indicates a strategic effort to manage costs more efficiently in the short term.

The operating income for the quarter was impressive, up by 29.63% QoQ and 15.11% YoY, showcasing SJVN’s effective management of its operational activities.

Earnings per share (EPS) for Q2 stood at ₹1.1, reflecting an increase of 1.85% YoY. This figure is a positive indicator of the company’s profitability on a per-share basis.

SJVN’s stock performance has seen a mixed bag recently, with a 2.12% return over the past week, a decrease of 10.3% in the last six months, and an impressive 24.86% return year-to-date (YTD).

As of November 7, 2024, SJVN holds a market capitalization of ₹44,626.75 crore, with a 52-week high of ₹170.5 and a low of ₹72.55, indicating some volatility in its stock price.

Currently, analysts have varied opinions on SJVN, with one analyst rating it as Strong Sell, another as Hold, one as Buy, and a final analyst giving it a Strong Buy rating. The consensus recommendation as of November 7, 2024, remains to Hold.