New Delhi, February 11 State-owned power producer SJVN Ltd announced on Wednesday a near 51% increase in consolidated net profit to Rs 224.31 crore for the quarter ended December 31, 2024, driven by higher revenues.
The company's consolidated net profit was Rs 148.75 crore for the quarter ended December 31, 2023, according to a regulatory filing.
SVJN's total income rose to Rs 1,124.47 crore for the quarter under review, compared to Rs 760.76 crore in the previous year.
The board also approved a proposal to raise up to Rs 1,000 crore through the issuance of unsecured, rated, taxable, redeemable, non-convertible, non-cumulative debentures through a private placement.
The board also declared an interim dividend of Rs 1.15 per equity share for the financial year 2024-25.
Shares of SJVN Ltd closed the day at Rs 77.29, up 6.17% from its previous close.
