JSW Energy shares rise 4% on strong Q1 results, renewable and thermal push gains
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JSW Energy shares rose nearly 4% to Rs 533.6 in Friday’s intraday trade on the BSE after the company posted a strong performance for the April–June quarter, with consolidated net profit jumping 42.4% year-on-year (YoY) to Rs 743 crore. The growth in Q1 was driven by a sharp scale-up in both renewable and thermal power generation. Revenue surged 78.6% YoY to Rs 5,143 crore, while EBITDA almost doubled to Rs 2,789 crore, reflecting a 96.8% increase. The operating margin expanded to 54.2% from 49.2% a year earlier. During the quarter, the company commissioned 1,893 MW of capacity, taking its installed base to 12,768 MW — up 70% YoY. This includes 1,343 MW from the acquisition of Mytrah Energy (now O2 Power) and 550 MW through organic renewable additions. Total power generation rose 71% YoY to 13.5 billion units (BUs), with renewable generation contributing 5 BUs, up 54% YoY. Long-term PPA generation rose 73% to 11.8 BUs. Sharad Mahendra, Joi...