Earnings Review
Deferred tax asset boosts JSW Energy Q3 PAT
This story was originally published at 21:20 IST on 23 January 2026
Register to read our real-time news.Informist, Friday, Jan. 23, 2026
Please click here to read all liners published on this story
--JSW Energy Oct-Dec consol net profit INR 4.20 bln vs INR 1.68 bln yr ago
--Analysts saw JSW Energy Oct-Dec consol net profit at INR 2.84 bln
--JSW Energy Oct-Dec consol revenue INR 40.82 bln
--Analysts saw JSW Energy Oct-Dec consol revenue at INR 47.72 bln
--JSW Energy Oct-Dec net profit includes deferred tax writeback INR 7.51 bln
--JSW Energy Oct-Dec consol revenue INR 40.82 bln vs INR 24.39 bln year ago
--JSW Energy Apr-Dec consol net profit INR 18.68 bln vs INR 15.43 bln yr ago
--JSW Energy Apr-Dec consol revenue INR 144.03 bln vs INR 85.56 bln year ago
--JSW Energy Oct-Dec consol EBITDA INR 22.02 bln, up 98% on year
--JSW Energy Oct-Dec consol thermal generation 7.9 bln units, up 55% on year
--JSW Energy Oct-Dec consol renewable generation 3.2 bln units, up 96% on yr
--JSW Energy Oct-Dec finance cost INR 14.85 bln vs INR 5.65 bln year ago
--JSW Energy Oct-Dec consol EBITDA margin 52% vs 42% year ago
--JSW Energy Oct-Dec consol net generation 11.1 bln units, up 65% on year
By Suryash Kumar
MUMBAI – JSW Energy Ltd. posted a sharp year-on-year increase in its consolidated net profit for the December quarter, beating analysts' estimates. The company also registered a double-digit increase in revenue on year for the reporting quarter, with thermal and renewables segments contributing significantly to its revenue. The net profit was boosted by a deferred tax asset of INR 7.51 billion, without which the company would have made a net loss of INR 2.66 billion even after adding back the INR 650 million one-time cost of implementing the new labour codes.
The company reported a net profit of INR 4.20 billion for the December quarter, up over 150% on year but down over 40% on quarter. Analysts had estimated the company's consolidated net profit at INR 2.84 billion. The consolidated revenue for the quarter was INR 40.82 billion, up over 67% on year.
The company's earnings before interest, tax, depreciation, and amortisation was INR 22 billion, up 98% on year, driven by contribution from Mahanadi thermal plant. Its EBITDA margin for the December quarter was 52%, up from 42% a year ago. Its finance costs rose to INR 14.85 billion, an increase of nearly 163% on year.
Its thermal generation rose 55% on year to 7.9 billion units while its net renewable energy generation rose 96% on year to 3.2 billion units driven by organic wind capacity addition and from the O2 power assets it has acquired. Its net generation was up 65% on year at 11.1 billion units.
The company's Apr-Dec consolidated revenue was INR 144.03 billion, up 68% from INR 85.56 billion a year ago. The consolidated net profit for Apr-Dec was INR 18.68 billion compared with INR 15.43 billion a year ago. Friday, shares of JSW Energy closed at INR 477.65 on the National Stock Exchange, down 3% from the previous session. The results were announced post market hours. End
Edited by Ashish Shirke
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
