Revenue from operations jumped 55.93% year on year to Rs 503.77crore in the quarter ended 31 March 2023.

Profit before exceptional items and tax surged to Rs 254.87 crore in Q4 FY23 from Rs 29.01crore recorded in Q4 FY22. Exceptional items stood at Rs 12.08 crore during the quarter.

On the margins front, the PSU company's operating margin improved to 62.31% in Q4 FY23 from 17.79% reported in Q4 FY22. Net profit margin increased to 3.42% in Q4 FY23 as compared to 2.32% posted in the same period last year.

During FY23, the company's consolidated net profit rose 37.33% to Rs 1,359.30 crore on 21.57% increase in revenue to Rs 2,938.35 crore as compared to FY22.

Meanwhile, the firm's board has recommended a final dividend of Rs 0.62 per share for the FY 2022-23, subject to the approval of shareholders in the ensuing AGM.

SJVN is an Indian public sector undertaking having business interests in hydro, thermal, solar, wind and in power transmission & power trading. It is a joint venture between the Government of India and the Government of Himachal Pradesh.

Shares of SJVN were up 0.42% to Rs 36.09 on the BSE.