JSW Energy reports 29% YoY profit surge in Q3 FY23-24

27 Jan 2024 CW Team

JSW Energy commenced the commissioning of its largest standalone wind project, boasting a capacity of 810 MW, with the first 51 MW phase already operational. Earnings before interest, taxes, and depreciation (EBITDA) witnessed a substantial 69% YoY surge, reaching Rs 12.29 billion ($147.9 million) in the quarter. The increase was primarily attributed to higher merchant volumes and contributions from the 1,200 MW Ratnagiri thermal plant, although it was partially offset by lower generation at the 860 MW Vijayanagar plant.

For the first nine months (9M) of FY24, JSW Energy reported a net profit of Rs 13.71 billion (~$165.03 million), reflecting a 13.68% YoY increase. The revenue surged by 12.42% to Rs 90.62 billion (~$1.09 billion), while EBITDA increased by 54.8% to Rs 45.45 billion (~$547.09 million).

JSW Energy's renewable portfolio currently boasts a total capacity of 5,934 MW, with 3,681 MW being operational, including hydropower (1,391 MW), wind (1,615 MW), and solar (675 MW). An additional 2,253 MW of assets are under construction. The company also holds a 3.4 GWh storage capacity, with the Battery Energy Storage System accounting for 29% and the Pumped Hydro Storage System accounting for 71%. In the preceding month, JSW Energy's wholly-owned subsidiary, JSW Neo Energy, participated in the bidding for Solar Energy Corporation of India's tender to establish production facilities for green hydrogen, targeting an annual output of 450,000 metric tons.

JSW Energy, an independent power producer, posted a net profit of Rs 2.32 billion (~$27.9 million) in the third quarter (Q3) of the financial year (FY) 2023-24, marking a 29% YoY increase. The growth was fuelled by a robust performance in the renewables sector and reduced fuel costs. The company's total revenue rose by 13% YoY to Rs 26.61 billion (~$320 million), propelled by higher generation in both thermal and renewables segments. Renewable generation saw a remarkable 71% YoY expansion, reaching 1.4 billion units (BU), driven by capacity additions and contributions from an acquired renewable portfolio. This was partly offset by decreased generation in hydropower projects. JSW Energy commenced the commissioning of its largest standalone wind project, boasting a capacity of 810 MW, with the first 51 MW phase already operational. Earnings before interest, taxes, and depreciation (EBITDA) witnessed a substantial 69% YoY surge, reaching Rs 12.29 billion ($147.9 million) in the quarter. The increase was primarily attributed to higher merchant volumes and contributions from the 1,200 MW Ratnagiri thermal plant, although it was partially offset by lower generation at the 860 MW Vijayanagar plant. For the first nine months (9M) of FY24, JSW Energy reported a net profit of Rs 13.71 billion (~$165.03 million), reflecting a 13.68% YoY increase. The revenue surged by 12.42% to Rs 90.62 billion (~$1.09 billion), while EBITDA increased by 54.8% to Rs 45.45 billion (~$547.09 million). JSW Energy's renewable portfolio currently boasts a total capacity of 5,934 MW, with 3,681 MW being operational, including hydropower (1,391 MW), wind (1,615 MW), and solar (675 MW). An additional 2,253 MW of assets are under construction. The company also holds a 3.4 GWh storage capacity, with the Battery Energy Storage System accounting for 29% and the Pumped Hydro Storage System accounting for 71%. In the preceding month, JSW Energy's wholly-owned subsidiary, JSW Neo Energy, participated in the bidding for Solar Energy Corporation of India's tender to establish production facilities for green hydrogen, targeting an annual output of 450,000 metric tons.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..