JSW Energy Q2 Net Profit Rises 50 Per Cent to Rs. 10.56 bn
POWER & RENEWABLE ENERGY

JSW Energy Q2 Net Profit Rises 50 Per Cent to Rs. 10.56 bn

JSW Energy reported a 50 per cent year-on-year increase in consolidated net profit attributable to shareholders to Rs. 10.56 bn for the second quarter of FY27, supported by higher power sales, capacity additions and improved generation across its thermal and renewable energy businesses.

Revenue from operations rose 23 per cent year-on-year to Rs. 63.68 bn during the quarter. The thermal business recorded an 18 per cent increase in revenue, while revenue from the renewables segment grew 31 per cent, according to the company’s results.

Power sales volume increased 17 per cent year-on-year to 17.5 bn units. Thermal generation rose 13 per cent to 8.9 bn units, supported by higher output at the Mahanadi and Utkal plants, while renewable generation increased 21 per cent to 8.6 bn units. Wind generation grew 25 per cent and solar generation rose 36 per cent, aided by capacity additions and improved plant performance.

The company’s installed capacity crossed 15 GW to reach 15,147 MW as of October 5, following additions of 1,686 MW in the first half of FY27. Renewables represented about 51 per cent of the portfolio. During the quarter, JSW Energy acquired the 300 MW Maruti thermal power plant in Chhattisgarh for an enterprise value of about Rs. 14.1 bn and agreed with Bhutan’s Druk Green Power Corporation to jointly develop the 920 MW Punatsangchhu-III hydropower project.

JSW Energy completed turbine-generator orders for the 3,200 MW Salboni thermal power project and received approval for the demerger of GE Power India’s boiler business at Durgapur. It remained on track to add 3 GW in FY27 and plans to expand capacity to 30 GW by FY30. Net worth was Rs. 367.1 bn as of September 30, while cash and cash equivalents stood at Rs. 156.98 bn. The board also approved fund-raising of up to Rs. 50 bn through listed non-convertible debentures and up to Rs. 60 bn through eligible securities, subject to approvals.

JSW Energy reported a 50 per cent year-on-year increase in consolidated net profit attributable to shareholders to Rs. 10.56 bn for the second quarter of FY27, supported by higher power sales, capacity additions and improved generation across its thermal and renewable energy businesses. Revenue from operations rose 23 per cent year-on-year to Rs. 63.68 bn during the quarter. The thermal business recorded an 18 per cent increase in revenue, while revenue from the renewables segment grew 31 per cent, according to the company’s results. Power sales volume increased 17 per cent year-on-year to 17.5 bn units. Thermal generation rose 13 per cent to 8.9 bn units, supported by higher output at the Mahanadi and Utkal plants, while renewable generation increased 21 per cent to 8.6 bn units. Wind generation grew 25 per cent and solar generation rose 36 per cent, aided by capacity additions and improved plant performance. The company’s installed capacity crossed 15 GW to reach 15,147 MW as of October 5, following additions of 1,686 MW in the first half of FY27. Renewables represented about 51 per cent of the portfolio. During the quarter, JSW Energy acquired the 300 MW Maruti thermal power plant in Chhattisgarh for an enterprise value of about Rs. 14.1 bn and agreed with Bhutan’s Druk Green Power Corporation to jointly develop the 920 MW Punatsangchhu-III hydropower project. JSW Energy completed turbine-generator orders for the 3,200 MW Salboni thermal power project and received approval for the demerger of GE Power India’s boiler business at Durgapur. It remained on track to add 3 GW in FY27 and plans to expand capacity to 30 GW by FY30. Net worth was Rs. 367.1 bn as of September 30, while cash and cash equivalents stood at Rs. 156.98 bn. The board also approved fund-raising of up to Rs. 50 bn through listed non-convertible debentures and up to Rs. 60 bn through eligible securities, subject to approvals.

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