JSW Energy’s net profit plunged 36.6% to ₹471 crore in the quarter ending June, yet the stock closed 1.33% higher at ₹517.80 on the BSE, signaling investor confidence amid a legal win.
The company reported revenue of ₹5,207 crore, a modest 1.2% rise from ₹5,174 crore in the same period last year, and EBITDA of ₹2,873 crore, up 3% to ₹2,788 crore. EBITDA margin improved to 55.18% from 54.22% a year earlier, reflecting tighter cost control.
Electricity generation hit 12.9 billion units, down 5% YoY but up 10% sequentially. Renewable output rose 11% to 3.4 billion units, while thermal fell 6% to 8 billion units. Long‑term PPA‑generated power slipped 4% YoY to 11.2 billion units, with short‑term PPAs down 7% to 1.6 billion units.
The Appellate Tribunal for Electricity, on September 18, overturned a CERC order that had denied JSW Hydro Energy a claim for notional interest during construction. The tribunal’s ruling could unlock additional cash flow, pending a prudence review by CERC, potentially easing debt servicing pressure.
Analysts project the company’s Q2 earnings to align with a 12% uplift in operating profit, though they caution that generation volumes may lag due to maintenance cycles. The renewable‑energy segment, now 60% of total capacity, is expected to drive higher margins in the coming quarters.