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Informist, Monday, May 11, 2026

 

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--JSW Energy to pay INR 2 per share dividend 
--JSW Energy Jan-Mar consol net profit INR 3.72 bln 
--Analysts saw JSW Energy Jan-Mar consol net profit INR 685.33 mln 
--JSW Energy Jan-Mar consol revenue INR 44.99 bln 
--Analysts saw JSW Energy Jan-Mar consol revenue INR 48.76 bln 
--JSW Energy Jan-Mar consol net profit INR 3.72 bln vs INR 4.08 bln yr ago 
--JSW Energy Jan-Mar consol revenue INR 44.99 bln vs INR 31.89 bln year ago 
--JSW Energy FY26 consol net profit INR 22.39 bln vs INR 19.51 bln yr ago
--JSW Energy Jan-Mar consol EBITDA INR 26.02 bln, up 72% on year 
--JSW Energy FY26 consol revenue INR 189.01 bln vs INR 117.45 bln year ago 
--JSW Energy Jan-Mar power sales 11.7 bln units, up 48% on year 
--JSW Energy Jan-Mar consol thermal generation 8.8 bln units, up 43% on year 
--JSW Energy Jan-Mar consol renewable generation 2.9 bln units, up 68% on yr 
--JSW Energy Q4 renewables sales at INR 11.42 bln vs INR 8.47 bln yr ago 
--JSW Energy Q4 consol thermal sales at INR 33.46 bln vs INR 22.65 bln yr ago
--JSW Energy dividend record date is Jun 5 

 

By Shruti Nair

 

MUMBAI – JSW Energy Ltd.'s consolidated net profit for the March quarter fell on year due to a sharp increase in the company's expenses. Conversely, the company's consolidated revenue for Jan-Mar posted sharp year-on-year growth, rising for the fifth straight quarter.

 

For the March quarter, JSW Energy's consolidated net profit fell nearly 9% on year to INR 3.72 billion. Analysts had estimated the company's bottom line to be in a wide range from INR 262 million to INR 11.51 billion on account of differing assumptions about depreciation and interest costs, and the pace at which acquired assets were integrated. Sequentially, the net profit fell 11.5%.

 

The company's revenue jumped over 41% on year to INR 44.99 billion. Brokerages had seen the company's top line ranging from INR 43.47 billion to INR 59.04 billion. The growth in the top line was driven by decent performance of its core thermal and renewables segments.

 

For the quarter ended March, the company's growth in total expenses outpaced the growth in its total income. However, in absolute terms, the income still outweighed expenses. While the company's total income rose 39% on year to INR 48.51 billion, its total expenses rose nearly 49% on year to INR 46.66 billion. Of this, the company's finance costs rose 138% on year to INR 16.08 billion due to incremental borrowings to fund the ongoing capacity expansions.

 

The energy distributor's depreciation and amortisation expenses also rose a notable 68% on year to INR 8.09 billion, while its other expenses rose 31% on year to INR 7.20 billion. JSW Energy's fuel costs rose over 15% on year to INR 13.40 billion in the March quarter.

 

The company's consolidated sales from its thermal segment for the March quarter was INR 33.46 billion, up nearly 48% on year. The company's thermal generation for the March quarter rose 43% on year to 8.8 billion units, driven by contribution from the Mahanadi and Utkal plants. Revenues from its renewables segment rose nearly 35% to INR 11.42 billion, with the segment's generation climbing 68% on year to 2.9 billion units, primarily on the back of its O2 Power portfolio and organic capacity additions during the past year.

 

During the March quarter, the company's installed capacity rose to 13.45 gigawatts, up 118 megawatts, driven by organic renewable capacity addition. Its current total locked-in generation capacity stands at 32.1 GW.

 

The company's consolidated earnings before interest, taxes, depreciation, and amortisation jumped 72% on year to INR 26.02 billion. Analysts' estimates for EBITDA ranged from INR 21.85 billion to INR 22.64 billion. The growth in the company's EBITDA was driven by the contributions of its Mahanadi plant and O2 Power.

 

For the financial year 2025-26 (Apr-Mar), the company's consolidated net profit rose 15% on year to INR 22.39 billion on revenues of INR 189.01 billion, which grew 61% on year. The company declared a final dividend of INR 2 per share with the record date set for Jun. 5.  

 

The company released its March quarter earnings post market hours mMonday. Shares of the company ended at INR 556.65, down 2.6% from Friday, on the National Stock Exchange.  End

 

Edited by Tanima Banerjee

 

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