In Short : The Solar Energy Corporation of India (SECI) has declared its financial results for FY 23-24. The results reflect SECI’s performance and financial health during the fiscal year, highlighting its contributions to the renewable energy sector.
In Detail : There has been an increase in annual trading volume by 22.13% over previous year with 42935 million units of electricity being traded.
New Delhi: Solar Energy Corporation of India Limited (SECI), one of the leaders in the Renewable Energy (RE) domain, has declared the Financial Results for FY24 on 02nd August 2024.
In FY24, SECI has issued 8440 MW of RE tenders comprising of Solar, Wind and Hybrid power, which brings the cumulative awarded capacity to 65317 MW.
There has been an increase in annual trading volume by 22.13% over previous year with 42935 million units of electricity being traded.
On standalone basis, the Total Income of the company was ? 13,135.80 Cr. as against the previous year figure of ? 10,864.43 Cr., registering an increase of 20.91%.
SECI has witnessed an increase of 38.14% in Profit After Tax (PAT) by recording ? 436.03 Cr. in FY24 as compared to the previous year’s value of ? 315.65 Cr.
On a consolidated basis, the Profit After Tax (PAT) of the group for FY24 was ? 510.92 crore as against the corresponding previous year PAT of ? 378.77 crore, registering an increase of 34.89%
The Net Worth of the company stood at ? 2,811.76 Cr as compared to the figure of ? 2,376.31 Cr for the previous year, registering an increase of 18.32%.
