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SJVN registers 37.98% growth in net profit

SJVN inks Power Usage Agreement with J& K for 300 MW Solar Power

SJVN has recorded profit after tax (PAT) of Rs 1349.48 crores for three quarters of current financial year which is 37.98 percent more than the corresponding period of previous .

The third quarter (Q3) Profit After Tax is Rs 290.98 crores compared to Rs 232.67 Crores during corresponding period last year.

Sharma lauded collective efforts and hard work of the employees. “These positive growth percentiles are result of optimum utilization of our operating units, relentless quest to excellence, adopting best financial practices and strategic focus on capacity addition in the portfolio of the company.”

SJVN’s net worth has jumped to Rs 14,261.09 crores at the end of Q3 of 2022-23 as compared to Rs 13,581.36 crores during last year. Company has accounted an increase of 11.37 percent in the Profit Before Tax (PBT). The total revenues of Rs 2,715.48 crore from operations during these three quarters.

SJVN has re-engineered its Business Model and has given a major thrust to its Renewable Energy portfolio.

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