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.