SJVN's Q4 Profit Soars
POWER & RENEWABLE ENERGY

SJVN's Q4 Profit Soars

State-owned SJVN Ltd has reported a significant rise in its net profit for the fourth quarter of the fiscal year 2024. The company's consolidated net profit soared to Rs 61 crore (?6.1 million), marking a notable improvement compared to the previous quarters. This surge in profitability is attributed to increased revenue streams and strategic operational efficiencies within the renewable energy sector.

The quarterly performance highlights SJVN's robust growth trajectory, driven by its expanding renewable energy projects. The company's revenue for the quarter also saw a substantial increase, reinforcing its position in the competitive energy market. SJVN's commitment to enhancing its renewable energy capacity is evident in its recent achievements and ongoing projects, which continue to contribute positively to its financial health.

In addition to the impressive quarterly results, SJVN has also seen a remarkable increase in its annual profit. For the entire fiscal year, the profit after tax (PAT) stood at Rs 1,363.45 crore (?136.3 million), reflecting a 39.48% increase over the previous year. This consistent growth underscores the company's strategic focus on expanding its renewable energy portfolio and improving operational efficiencies.

SJVN's management has expressed optimism about the future, highlighting ongoing projects and new ventures aimed at boosting the company's capacity and revenue. The successful execution of its capital expenditure (CAPEX) plans has also played a crucial role in achieving these financial milestones. SJVN continues to invest heavily in renewable energy projects, aiming to meet the growing demand for clean energy and contribute to sustainable development goals.

Overall, SJVN's strong financial performance in Q4 and throughout the fiscal year 2024 reflects its strategic initiatives and commitment to growth in the renewable energy sector. The company is well-positioned to maintain its upward trajectory, with a focus on expanding its renewable energy footprint and enhancing shareholder value.

State-owned SJVN Ltd has reported a significant rise in its net profit for the fourth quarter of the fiscal year 2024. The company's consolidated net profit soared to Rs 61 crore (?6.1 million), marking a notable improvement compared to the previous quarters. This surge in profitability is attributed to increased revenue streams and strategic operational efficiencies within the renewable energy sector. The quarterly performance highlights SJVN's robust growth trajectory, driven by its expanding renewable energy projects. The company's revenue for the quarter also saw a substantial increase, reinforcing its position in the competitive energy market. SJVN's commitment to enhancing its renewable energy capacity is evident in its recent achievements and ongoing projects, which continue to contribute positively to its financial health. In addition to the impressive quarterly results, SJVN has also seen a remarkable increase in its annual profit. For the entire fiscal year, the profit after tax (PAT) stood at Rs 1,363.45 crore (?136.3 million), reflecting a 39.48% increase over the previous year. This consistent growth underscores the company's strategic focus on expanding its renewable energy portfolio and improving operational efficiencies. SJVN's management has expressed optimism about the future, highlighting ongoing projects and new ventures aimed at boosting the company's capacity and revenue. The successful execution of its capital expenditure (CAPEX) plans has also played a crucial role in achieving these financial milestones. SJVN continues to invest heavily in renewable energy projects, aiming to meet the growing demand for clean energy and contribute to sustainable development goals. Overall, SJVN's strong financial performance in Q4 and throughout the fiscal year 2024 reflects its strategic initiatives and commitment to growth in the renewable energy sector. The company is well-positioned to maintain its upward trajectory, with a focus on expanding its renewable energy footprint and enhancing shareholder value.

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000