JSW Energy Ltd. registered robust growth in the quarter ending Dec. 31, with the net profit surging over two-fold year-on-year.
The company’s consolidated bottom-line came at Rs 420 crore, compared to Rs 168 crore in the year-ago period, as per an exchange filing on Friday.
Revenue from operations jumped 67.4% to Rs 4,082 crore from Rs 2,439 crore in the corresponding quarter of the last fiscal.
Earnings before interest, tax, depreciation and amortisation also saw a sharp spike and stood at Rs 2,030 crore against Rs 913.5 crore in Q3 FY25.
Ebitda margin expanded to 49.7% from 37.5%.
Profit after tax is inclusive of a deferred tax write-back of Rs 751 crore, the company informed.
On the operational front, net generation went up by 65% YoY, from 6.8 Billion Units or BUs to 11.1 BUs
Renewable Energy generation doubled to 3.2 BUs driven by organic wind capacity addition and O2 power, while thermal generation grew by 55% to 7.9 BUs.
Lastly, power generation secured under long-term contracts with state discoms saw an increase of 63%, from 5.6 BUs in the year-ago period to 9.2 BUs.
The company’s installed capacity stood at 13.3 GW. It also added 125 MW organic renewable capacity during the quarter.
JSW Energy Q3 Highlights (Cons, YoY)
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Net Profit at Rs 420 crore vs Rs 168 crore YoY
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Revenue up 67.4% at Rs 4,082 crore vs Rs 2,439 crore YoY
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EBITDA At Rs 2,030 crore vs Rs 913 crore YoY
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Margin at 49.7% vs 37.5% YoY
Share Price
The shares of JSW Energy ended nearly 3% lower at Rs 477.65 on the NSE, ahead of the results, compared to a 0.95% decline in the Nifty index.
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