Sterlite Power reports 30% rise in net profit to Rs 322 cr in 2022-23

Sterlite Power on Tuesday reported over 30 per cent rise in its standalone net profit to Rs 322.01 crore for 2022-23, mainly on the back of higher revenues.

The company’s standalone net profit was Rs 246.57 crore in the preceding fiscal ended March 2022, a company statement said.

Its revenue from operations rose to Rs 3,923.51 crore in fiscal 2022-23 from Rs 3,797.38 crore a year ago.

Sterlite Power Managing Director Pratik Agarwal said, “The results demonstrate our continuous focus on garnering new opportunities and operational efficiencies and underscores our commitment to be a key player in building the nation’s energy landscape”.