SJVN tanks 6% as lower revenues drag Jan-Mar profit down by 98% YoY
NEW DELHI: Shares of SJVN NSE -1.85 % slid 5.7 per cent in early trade Thursday after the state-owned power firm reported an over 98 per cent decline in its consolidated net profit to Rs 7.49 crore in the March 2022 quarter, mainly due to lower revenues.
The company had posted a consolidated net profit of Rs 619.92 crore in the quarter ended March 31, 2021.
