Shimla: Public sector power generating company SJVN reported a 29% increase in its profits for the July-September quarter over its last year corresponding quarter.
Whereas last year in the July-September quarter the company had earned a profit of Rs 319.59 Cr, this year quarter with the 1500 MW Jhakri plant working at over 100% capacity the company has reported a profit of Rs 411.10 crore.
The half yearly profits also registered an increase of 24.5% at Rs 759.31 crore against Rs 610.35 crore during the corresponding period of last year.
The financial results of the company were finalized at a board meeting Delhi today.
SJVNâ€™s Earnings Per Share (EPS) have increased to Rs 1.84 against Rs 1.48 for the corresponding period over last year.
Generation for a six month period at Jhakri plant, which happens to be the countryâ€™s largest hydropower plant touched 5876.08 million units (MU of energy against 5030.75 MU during the corresponding period of last year.
In 2010-11 SJVN had reported a profit of Rs 912.13 crore. Himachal Pradesh government has a 25 % share holding in the central public sector undertaking, with public holding being 10 percent.