JSW reports revenue growth of 22% in Q3 FY21

02 Feb 2021 Editorial Team

Consolidated revenue from operations for the steelmaking giant rose 21% year-on-year to Rs 21,859 crore, while standalone revenue grew 22% to Rs 19,239 crore. Operating earnings before interest, tax and depreciation expanded 142% to Rs 5,946 crore.

Other updates included the Board’s approval of the sale of 18 MW thermal power plant at Salboni to JSW Cement Limited or its SPV on a going concern basis.

Key operational highlights are as follows:

• Long Term (LT) Net Generation increased by 6% YoY; LT Net Thermal Generation increased by 9% YoY.
• Overall Thermal PLF for capacity under LT PPA increased to 77% from 71% YoY.
• LT PPA at Ratnagiri plant increased by 52 MW further de-risking the portfolio; 82.4% of portfolio now under LT PPA.
• Board approves additional LT tie-up with captive customers of Ratnagiri; as this operationalizes in phases in FY2022 share of LT PPA in overall portfolio to increase to 87%.

Key consolidated financial highlights were:

• EBITDA at Rs 655 Crore, lower by 7% YoY
• Profit Before Tax (pre-exceptionals) at Rs 172 Crore, increasing by 14% YoY
• Profit After Tax at Rs 124 Crore, increasing by 12% YoY after adjusting for all one-offs
• Receivables declined 22% YoY, contrary to broader sector trends
• Net Debt (excluding short term working capital debt/acceptances) reduced by Rs 952 Crore in Q3FY21 and by Rs 2,226 Crore in 9MFY21
• Net Debt (excluding short term working capital debt/acceptances) to Equity at 0.48x • Net Debt(excluding short term working capital debt/acceptances) to EBITDA (TTM) at 2.17x
• Strong Liquidity: Cash & Cash Equivalents at Rs 1,595 Crore

Updates on growth projects were:

• 810 MW Blended Wind Project - SECI: PPA signing with discoms awaited
• 240 MW Kutehr HEP: PPA under finalization with Haryana discom
• Ind-Barath Energy (Utkal) Ltd: Resolution plan pending approval by NCLT

Written from a company news release.

Image Source

JSW Energy Limited recently reported its results for the third quarter of FY21 ended 31 December 2020. The company announced a net profit of Rs 2,669 crore for the December quarter, compared with Rs 187 crore in the previous year. Consolidated revenue from operations for the steelmaking giant rose 21% year-on-year to Rs 21,859 crore, while standalone revenue grew 22% to Rs 19,239 crore. Operating earnings before interest, tax and depreciation expanded 142% to Rs 5,946 crore. Other updates included the Board’s approval of the sale of 18 MW thermal power plant at Salboni to JSW Cement Limited or its SPV on a going concern basis. Key operational highlights are as follows: • Long Term (LT) Net Generation increased by 6% YoY; LT Net Thermal Generation increased by 9% YoY. • Overall Thermal PLF for capacity under LT PPA increased to 77% from 71% YoY. • LT PPA at Ratnagiri plant increased by 52 MW further de-risking the portfolio; 82.4% of portfolio now under LT PPA. • Board approves additional LT tie-up with captive customers of Ratnagiri; as this operationalizes in phases in FY2022 share of LT PPA in overall portfolio to increase to 87%. Key consolidated financial highlights were: • EBITDA at Rs 655 Crore, lower by 7% YoY • Profit Before Tax (pre-exceptionals) at Rs 172 Crore, increasing by 14% YoY • Profit After Tax at Rs 124 Crore, increasing by 12% YoY after adjusting for all one-offs • Receivables declined 22% YoY, contrary to broader sector trends • Net Debt (excluding short term working capital debt/acceptances) reduced by Rs 952 Crore in Q3FY21 and by Rs 2,226 Crore in 9MFY21 • Net Debt (excluding short term working capital debt/acceptances) to Equity at 0.48x • Net Debt(excluding short term working capital debt/acceptances) to EBITDA (TTM) at 2.17x • Strong Liquidity: Cash & Cash Equivalents at Rs 1,595 Crore Updates on growth projects were: • 810 MW Blended Wind Project - SECI: PPA signing with discoms awaited • 240 MW Kutehr HEP: PPA under finalization with Haryana discom • Ind-Barath Energy (Utkal) Ltd: Resolution plan pending approval by NCLT Written from a company news release. Image Source

Infrastructure Transport

13 Mar 2026

Prime Minister to Inaugurate Multiple Delhi Projects Worth Rs 335 bn

The Prime Minister is scheduled to inaugurate and lay the foundation stone of multiple development projects worth around Rs 335 bn on eight March in Delhi and will address the gathering during the event. Prior to the programme the Prime Minister is to visit General Pool Residential Accommodation (GPRA) Type-five quarters in Sarojini Nagar and hand over keys to female allottees. The Prime Minister will inaugurate Delhi Metro projects valued at about Rs 183 bn, including two new corridors: the Majlis Park-Maujpur Babarpur Pink Line corridor of around 12.3 km and the Deepali Chowk-Majlis Park Mag..

Infrastructure Transport

13 Mar 2026

Noida International Airport Secures Security Clearance Ahead Of Launch

Noida International Airport (NIA) has secured security clearance, paving the way for final operational steps ahead of commencement. The airport authority confirmed that necessary clearances have been obtained from national security agencies and that this milestone removes a key regulatory barrier to launch. The development follows years of planning and construction aimed at expanding aviation capacity in the National Capital Region. Project partners indicated that documentation and site inspections informed the clearance process. With security approval in place, NIA will focus on completing op..

Infrastructure Urban

13 Mar 2026

Aerodrome Licence Granted To Noida International Airport

The Directorate General of Civil Aviation (DGCA) has granted an aerodrome licence to Yamuna International Airport Private Limited (YIAPL) for Noida International Airport at Jewar in Gautam Budh Nagar, Uttar Pradesh. The airport was developed by YIAPL, a wholly owned subsidiary of Zurich Airport International AG, under a public–private partnership with the governments of Uttar Pradesh and India, and the concession commenced on one October 2021 for 40 years. The aerodrome is licensed for Public Use and features a runway oriented 10/28 measuring 3,900 metres by 45 metres, supported by an Instru..