SJVN records highest-ever income of Rs 3,299 crores during FY 2022-23

New Delhi: SJVN Limited's Chairman and Managing Director (CMD) Nand Lal Sharma informed that SJVN has recorded highest ever revenues of Rs 3,299 crores during financial year 2022-23. The previous highest were recorded in FY 2014-15 when revenues were Rs 3,256 crores. He further said that revenues registered a growth of 25.67 percent compared to last year when these were Rs 2,626 crores. The Board also recommended dividend of Rs 1.77 per share (on face value of Rs. 10/- per share).

Sharma further informed that SJVN has recorded Profit After Tax (PAT) of Rs 1,363.45 crores in FY 2022-23 which is 39.48 percent more than the previous fiscal when net profit was Rs 977.52 crores. While the net worth of SJVN increased from Rs 13,128 crores to Rs 13,822 crores which translates into an increase of around Rs 694 crores.

Sharma said that profit before Tax has increased by 28.93 percent which is Rs 1732.13 crores as compared to Rs 1343.44 crores during FY 2021-22. The Earing per Share (EPS) has also increased from Rs 2.60 to Rs 3.50 during the period an increase of 34.61 percent.

Sharma further told that SJVN has successfully achieved its ambitious Capital Expenditure (CAPEX) target for fiscal year 2022-23. With Rs 8,240 crores, the company has surpassed the target of Rs 8,000 crores assigned by the Ministry of Power. Under the visionary leadership of Prime Minister Narendra Modi and guidance of Union Power Minister RK Singh, SJVN has achieved this target to contribute in economic and infrastructural growth of the nation. Sharma apprised that the CAPEX target of Rs 8,000 crores was the third highest amongst power CPSEs for FY 2022-23. Deriving Confidence and Riding High on this achievement, SJVN is now set to achieve the gigantic CAPEX target of Rs 10,000 crores for FY 2023-24. Currently SJVN is constructing 14 Power Projects and 2 Transmission lines across India and in neighbouring country of Nepal.

SJVN has continued its exemplary performance in power generation and has achieved 9283 million units from all its power stations in FY 2022-23 surpassing previous year’s generation of 9207 million units.

Sharma appreciated the united efforts and dedication of all the employees. “These positive growth percentiles are an outcome of optimum utilization of our operating units, persistent quest for better power generation records, adopting best financial practices and strategic focus on capacity addition in the portfolio of the company.”

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