SJVN has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported net profit at Rs 13.61 crore for the quarter under review as compared to net loss of Rs 0.76 crore for the same quarter in the previous year. Total income of the company increased by 50.23% at Rs 583.36 crore for Q4FY23 as compared to Rs 388.30 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 2- fold jump in its net profit at Rs 17.21 crore for fourth quarter ended March 31, 2023 as compared to Rs 7.49 crore for the same quarter in the previous year. Total income of the company increased by 47.96% at Rs 582.78 crore for Q4FY23 as compared to Rs 393.87 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 39.48% rise in its net profit at Rs 1363.45 crore as compared to Rs 977.52 crore for the previous year. Total income of the company increased by 25.64% at Rs 3298.84 crore for year under review as compared to Rs 2625.54 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 37.33% fall in its net profit of Rs 1359.30 crore as compared to Rs 989.80 crore for the previous year. However, total income of the company increased by 24.58% at Rs 3282.50 crore for year under review as compared to Rs 2634.78 crore for year ended March 31, 2022.
