SJVN second quarter results announced: profit increased by 1.27% year-on-year

SJVN second quarter results live broadcast: SJVN announced its second quarter results on November 7, 2024, with revenue and profits increasing significantly compared to the same period last year. The company’s revenue increased by 16.84% year-on-year, and its profit increased slightly by 1.27% year-on-year.

Compared with the previous quarter, SJVN performed strongly, with revenue increasing by 17.91% and profit increasing by 13.88%. This positive trend reflects the company’s strong operating performance.

In terms of expenses, SJVN’s selling, general and administrative expenses decreased by 9.58% sequentially, although they increased by 14.52% compared to the previous year. This indicates a strategic effort to manage costs more effectively in the short term.

The operating income performance in this quarter was outstanding, with a month-on-month growth of 29.63% and a year-on-year growth of 15.11%, reflecting SJVN’s effective management of its operational activities.

Second quarter earnings per share (EPS) was $1.1, a year-on-year increase of 1.85%. This number is a positive indicator of the company’s earnings per share.

SJVN stock has had mixed performance lately, with a return of 2.12% over the past week and a loss of 10.3% over the past six months, for an impressive year-to-date (YTD) return of 24.86%.

As of November 7, 2024, SJVN’s market capitalization is $44,626.75 Crore, 52-week high $170.5 and the lowest value $72.55, indicating that there is some volatility in its stock price.

Analyst sentiment on SJVN is currently mixed, with one analyst rating it a Strong Sell, another a Hold, and one a Buy. “In”, with the last analyst giving it a “Strong Buy” rating. As of November 7, 2024, the consensus recommendation remains Hold.