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
Real Estate

Transforming Real Estate with Sustainable Choices

The times are changing for the construction industry. Once associated with high carbon emissions, energy consumption, and waste, they are now waking up to the environmental cost of traditional practices. Companies are now looking to be a part of the solution instead of the problem. Using recycled materials in building projects is one of the most accessible yet significant changes. This one change has the potential to lower project costs, energy consumption, and landfill usage. Giving Old Materials a New PurposeRecycled building materials aren’t just scraps from old sites. These material..

Next Story
Real Estate

UP Housing Board Finalises 40-Acre Development Plan in Vasundhara

The Uttar Pradesh Housing and Development Board (UPHDB) has finalised a 40-acre development plan in sectors seven and eight of Vasundhara, Ghaziabad, under a mixed land use model. The layout includes a 10-acre satellite centre for the All India Institute of Medical Sciences (AIIMS) and two major plots of 20 and 10 acres for group housing and commercial use. According to officials, the project falls under the Transit-Oriented Development (TOD) zone of the Regional Rapid Transit System (RRTS) corridor, with the Sahibabad Namo Bharat station located nearby. The auction process for the plots is e..

Next Story
Infrastructure Urban

Marubeni To Invest Rs 10 Billion in Telangana’s Future City Industrial Park

Japanese conglomerate Marubeni Corporation has signed a Letter of Intent with the Telangana government to develop a next-generation industrial park in the state’s upcoming Future City. The announcement was made during the official visit of the Telangana Rising delegation, led by Chief Minister A Revanth Reddy, to Japan. Marubeni has proposed an initial investment of Rs 10 billion to develop the industrial park in phases over 600 acres. The park will cater to Japanese and other multinational firms seeking to establish manufacturing operations in Hyderabad. The proposed development is expect..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?