Noida, May 11 (APAC Media): JSW Energy on Monday reported a 39% year-on-year increase in consolidated net profit to Rs 574 crore for the quarter ended March, compared with Rs 414 crore in the corresponding period last year.
The company has recommended a dividend of Rs 2 per equity share (20% of face value, Rs 10) for approval by members at the upcoming 32nd Annual General Meeting.
The company’s total revenue increased 39% year-on-year to approximately Rs 4,851 crore, driving a 72% YoY rise in EBITDA to around Rs 2,602 crore. The strong performance was underpinned by contributions from the Mahanadi and 02 Power assets, along with incremental gains from organic capacity additions.
Strategic acquisitions further strengthened profitability, with the Mahanadi plant contributing approximately Rs 943 crore to consolidated EBITDA during the quarter, while 02 Power added about Rs 263 crore.
“FY26 has been a pivotal year as we translated the bold ambitions of Strategy 3.0 into tangible business outcomes. We added 2.6 GW of capacity, strengthened our organisational capabilities to operate as a fully integrated player, successfully integrated recent large acquisitions, and improved monitoring and efficiency across projects. Our financial performance reflects this momentum, with the highest-ever annual EBITDA and PAT. Overall, we remain firmly on track to deliver Strategy 3.0 within the defined timelines,” said Sharad Mahendra, CEO of JSW Energy.
Installed Capacity Update
Installed capacity rose by 118 MW during the quarter to 13.45 GW, driven primarily by organic additions in the renewable energy segment.
Over the past 12 months, total capacity addition stood at 2,579 MW, including 1,343 MW contributed through the inorganic acquisition of the O2 Power portfolio.
The company’s total installed capacity now comprises 7,796 MW of renewable energy (~58%) and 5,658 MW of thermal capacity (~42%).
Total locked-in generation capacity currently stands at 32.1 GW.
Operational Performance Update
Power sales rose 48% year-on-year to 11.7 BUs from 7.9 BUs in the corresponding period last year.
Thermal generation increased 43% YoY to 8.8 BUs from 6.2 BUs, supported by higher output from the Mahanadi Plant and Utkal facilities.
Renewable energy generation recorded a sharp 68% YoY growth to 2.9 BUs from 1.7 BUs, driven by contributions from the 02 portfolio and capacity additions over the past 12 months.
Net long-term PPA sales grew 25% YoY to 8.6 BUs from 6.9 BUs in the previous year.
Short-term thermal sales surged 201% YoY to 3.1 BUs from 1.0 BUs, aided by monetisation of back-down long-term volumes at the Mahanadi Plant through short-term market channels.
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