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 re...