JSW Energy shares in focus after Q3 PAT drops 32% YoY

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Sajjan Jindal-led JSW Energy’s share may remain in focus on Wednesday, January 29 after the company reported a 32% decline in its profit after tax (PAT) at Rs 157 crore on a year-on-year (YoY) basis.

The company had reported a net profit of Rs 232 Crore in the same period last year.


JSW Energy’s total revenue also witnessed a marginal decline of 1% YoY to Rs 2,640 crore from Rs 2,661 Crore in the year's corresponding period.

The company’s EBITDA came in at Rs 1,115 crore in the quarter, lower by 9% primarily due to lower short-term sales contribution, despite higher overall generation, the company said.


The company’s sale of power generated under long-term PPAs rose by 7% year on year due to higher generation from the RE portfolio.

Net generation for the quarter increased 10% year-on-year at 6.8 billion units driven by wind capacity additions, the incremental contribution from Utkal Unit-1 350 MW and hydro plants.Further, the total renewable energy generation was up by 18% YoY at 1.6 billion units driven by a 38% YoY increase in wind generation and a 14% YoY increase in hydro generation. Total thermal generation was up by 8% year-on-year at 5.1 BUs.Also read: HUDCO Rs 2.05 dividend record date tomorrow; Last chance to buy today

The company's board also approved raising long-term funds up to Rs 3,000 crores through the issuance of rated and listed Non-Convertible Debentures on a private placement basis, it said in a regulatory filing.

It has also re-appointed Rajiv Sharma as an independent director of the company for a second term of five consecutive years with effect from 24 March 2025,

JSW Energy share price history


JSW Energy shares, over the past year, have witnessed a gain of 3.44%, while the last six months experienced a significant decline of 27.31%, and the three-month period recorded a decrease of 21.77%.

The shares of JSW Energy closed 5.72% lower at Rs 504 on the BSE in the previous trading session.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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