Shares of state-owned hydropower company SJVN surged as much as 9% to a day's high of Rs 148.85 on the BSE on Wednesday. This rise followed the company's announcement of a 31% year-on-year increase in consolidated net profit for the June quarter, reaching Rs 357.09 crore due to higher income.
In comparison, the company had reported a net profit of Rs 271.75 crore for the same period in the previous financial year, according to an exchange filing.
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