Business EconomyPosted at: Aug 12 2022 8:21PM

SJVN posts Q1 PAT at Rs 607.79 Cr

Shimla, August 12 (UNI) Public sector power producer SJVN Ltd on Friday reported 79 per cent rise in the profit after tax (PAT) at Rs 607.79 crore for the quarter ended June 30, 2022, as against PAT of Rs 339.54 crore reported during the corresponding quarter last year.

The company's revenue for the period stood at Rs 1070.50 crore as against Rs 702.38 crore reported during the corresponding period last fiscal.
Nand Lal Sharma, Chairman and Managing Director, said the company's net worth jumped to Rs 13735.99 crores at the end of 1st quarter of 2022-23 as compared to Rs 13100.97 crores in the corresponding period of previous year.
During the quarter, SJVN had upped its Earning Per Share (EPS) registering an increase of 80.23% as compared to the 1st quarter of previous year.
Similarly, the company accounted for an increase of 52.69% in the Profit Before Tax (PBT) while it earned total revenues of Rs 1006.25 crore from operations.
Sharma said Rajasthan has agreed to sign an MoU with SJVN for developing 10000 MW renewable energy in the state.
In addition, SJVN has also secured a 200 MW Solar Power project through e-Reverse auction by Maharashtra State Electricity Distribution Company Limited (MSEDCL), he said.
With more than 50 projects in pipeline, SJVN is all set to achieve the CAPEX target of Rs 8000 crores set by the Ministry of Power for the Financial Year 2022-23, he added.
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