SJVN’s Q2 FY24: Revenue Climbs and Costs Drop—Is This Power Giant Set for Strong Gains?
Contents
- 1 SJVN Q2 results
- 1.1 SJVN’s Q2 FY24: Revenue Climbs and Costs Drop—Is This Power Giant Set for Strong Gains?
- 1.1.1 Cost Management and Operating Income Growth
- 1.1.2 Earnings Per Share (EPS) and Profitability Indicators
- 1.1.3 SJVN Stock Performance and Market Capitalization
- 1.1.4 Analyst Ratings and Market Consensus
- 1.1.5 Conclusion:
- 1.1.6 FAQs:
- 1.1.6.1 1.What was SJVN’s revenue growth in Q2 FY24?
- 1.1.6.2 2.How much did SJVN’s profit increase in Q2 FY24?
- 1.1.6.3 3.How did SJVN’s SG&A expenses change in Q2 FY24?
- 1.1.6.4 4.What was SJVN’s operating income growth in Q2 FY24?
- 1.1.6.5 5.How did SJVN’s EPS perform in Q2 FY24?
- 1.1.6.6 6.How has SJVN’s stock performed year-to-date?
- 1.1.6.7 7.What is SJVN’s current market capitalization?
- 1.1.6.8 8.What is the 52-week high and low for SJVN’s stock?
- 1.1.6.9 9.What do analysts recommend for SJVN’s stock?
- 1.1.6.10 10.What contributed to SJVN’s profit growth in Q2 FY24?
- 1.2 SJVN Q2 results
- 1.3 Cryptocurrency and Compound Interest: Exploring Modern Strategies for Wealth Growth
- 1.1 SJVN’s Q2 FY24: Revenue Climbs and Costs Drop—Is This Power Giant Set for Strong Gains?
SJVN Q2 results
SJVN’s Q2 FY24: Revenue Climbs and Costs Drop—Is This Power Giant Set for Strong Gains?
On November 7, 2024, SJVN Ltd. announced its Q2 FY24 financial results, showcasing a strong operational performance with notable revenue growth and strategic cost management. The company reported a 16.84% increase in total revenue compared to the same period last year, reaching ₹1,026.25 crore. Year-over-year (YoY), profit rose modestly by 1.27%, signaling steady profitability amid a competitive landscape.
Compared to the previous quarter, SJVN experienced a robust revenue increase of 17.91%, with profits up 13.88%. This quarterly improvement demonstrates the company’s effective operational strategy and growing market traction.
Cost Management and Operating Income Growth
SJVN’s Selling, General, and Administrative (SG&A) expenses decreased by 9.58% quarter-on-quarter (QoQ), although they experienced a 14.52% rise year-over-year. This cost fluctuation reflects SJVN’s proactive steps toward short-term expense control while navigating broader economic pressures.
In Q2 FY24, operating income increased by 29.63% QoQ and 15.11% YoY, underscoring the company’s efficient management of its operations. This growth in operating income is a testament to SJVN’s focus on driving profitability through efficient resource allocation and operational improvements.
SJVN’s earnings per share (EPS) for Q2 FY24 reached ₹1.1, reflecting a 1.85% increase YoY and 20.88% growth QoQ. This rise in EPS highlights the company’s steady per-share profitability, enhancing shareholder value.
SJVN Stock Performance and Market Capitalization
Over the past week, SJVN’s stock yielded a 2.12% return, while showing a 24.86% year-to-date (YTD) return. However, the stock has seen a 10.3% decrease over the past six months, indicating market volatility. As of November 7, 2024, SJVN’s market capitalization stands at ₹44,626.75 crore, with a 52-week high of ₹170.5 and a low of ₹72.55, underscoring fluctuating investor sentiment.
Analyst Ratings and Market Consensus
Market analysts have expressed varied views on SJVN’s stock. Currently, the consensus recommendation is to Hold, with individual ratings ranging from Strong Sell to Strong Buy. This diverse analyst perspective suggests a balanced outlook on SJVN’s future performance.
SJVN Financials Summary
| Metric | Q2 FY24 | Q1 FY24 | QoQ Growth | Q2 FY23 | YoY Growth |
|---|---|---|---|---|---|
| Total Revenue | ₹1,026.25 Cr | ₹870.37 Cr | +17.91% | ₹878.36 Cr | +16.84% |
| SG&A Expenses | ₹72.48 Cr | ₹80.16 Cr | -9.58% | ₹63.29 Cr | +14.52% |
| Depreciation/Amortization | ₹132.8 Cr | ₹130.89 Cr | +1.46% | ₹101.88 Cr | +30.35% |
| Total Operating Expenses | ₹330.65 Cr | ₹333.77 Cr | -0.93% | ₹274.07 Cr | +20.64% |
| Operating Income | ₹695.6 Cr | ₹536.6 Cr | +29.63% | ₹604.29 Cr | +15.11% |
| Net Income Before Taxes | ₹580.57 Cr | ₹482.98 Cr | +20.21% | ₹554.57 Cr | +4.69% |
| Net Income | ₹430.78 Cr | ₹378.28 Cr | +13.88% | ₹425.38 Cr | +1.27% |
| Diluted EPS | ₹1.1 | ₹0.91 | +20.88% | ₹1.08 | +1.85% |
Conclusion:
SJVN’s Q2 FY24 results underscore its resilience and strategic efficiency, marked by steady revenue growth, effective cost management, and stable profitability. The company’s enhanced EPS and operating income indicate a strong market position, making SJVN an appealing option for long-term investors in the energy sector.
FAQs:
1.What was SJVN’s revenue growth in Q2 FY24?
A. SJVN reported a 16.84% YoY revenue growth in Q2 FY24.
2.How much did SJVN’s profit increase in Q2 FY24?
A. The company’s profit rose by 1.27% year-over-year.
3.How did SJVN’s SG&A expenses change in Q2 FY24?
A. SG&A expenses decreased by 9.58% quarter-on-quarter but increased 14.52% year-over-year.
4.What was SJVN’s operating income growth in Q2 FY24?
A. Operating income grew by 29.63% QoQ and 15.11% YoY.
5.How did SJVN’s EPS perform in Q2 FY24?
A. EPS for Q2 stood at ₹1.1, marking a 1.85% YoY increase.
6.How has SJVN’s stock performed year-to-date?
A. SJVN’s stock has delivered a 24.86% YTD return.
7.What is SJVN’s current market capitalization?
A. As of November 7, 2024, SJVN’s market cap is ₹44,626.75 crore.
8.What is the 52-week high and low for SJVN’s stock?
A. The stock has a 52-week high of ₹170.5 and a low of ₹72.55.
9.What do analysts recommend for SJVN’s stock?
A. Analysts’ recommendations vary, with a consensus rating to Hold.
10.What contributed to SJVN’s profit growth in Q2 FY24?
A. Profit growth was driven by higher revenue and effective cost management.
SJVN Q2 results
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