JSW Energy Surges on Renewable Power, Revenue Growth
JSW Energy has reported a significant increase in power generation and revenue, with renewable energy playing a substantial role. The company's net profit and installed capacity also grew significantly.
JSW Energy's net power generation surged by 71% year-over-year (YoY) to 13.5 billion units, with renewable energy contributing 5 billion units, a 54% increase. This growth was driven by the company's long-term power purchase agreements (PPAs), which grew by 73% to 11.8 billion units. Upon finalisation, 57% of JSW Energy (Utkal)'s total capacity will be tied up, ensuring stable long-term earnings.
The company's financial performance was equally impressive. Total revenue rose by 78.6% YoY to Rs 5,143 crore, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) almost doubling to Rs 2,789 crore. JSW Energy reported a 42.4% YoY increase in consolidated net profit to Rs 743 crore. The company's operating margin improved to 54.2% from 49.2% in the previous year.
JSW Energy's subsidiary received a Letter of Award (LoA) from Power Company of Karnataka Limited for a 400 MW power supply arrangement. The 25-year agreement commences on 1st April 2026, subject to regulatory approvals and a Power Purchase Agreement (PPA). The company added 1,893 MW of capacity, increasing its total installed base to 12,768 MW, up 70% YoY.
JSW Energy's strong performance in power generation and financial growth is a testament to its strategic focus on renewable energy and long-term PPAs. Despite a slight dip in share price, the company's robust earnings and capacity expansion indicate a promising outlook.
