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JSW Energy Q3 Results: Net profit drops 32% to Rs 157 crore; company to raise Rs 3,000 cr via bonds

JSW Energy Q3 Results: Net profit drops 32% to Rs 157 crore; company to raise Rs 3,000 cr via bonds


Sajjan Jindal-led JSW Energy on Tuesday reported a 32% drop in consolidated profit at Rs 157 crore against Rs 232 Crore in the same period last year.

Total revenue during the quarter decreased by 1% year-on-year to Rs 2,640 crore from Rs 2,661 Crore in the corresponding period last year.

The company’s board also approved the raising of long-term funds up to Rs 3,000 crores through the issuance of rated and listed Non-Convertible Debentures on a private placement basis, it said in a regulatory filing.

EBITDA came in at Rs 1,115 crore in the quarter, lower by 9% primarily due to lower short-term sales contribution, despite higher overall generation, the company said.

It has also re-appointed Rajiv Sharma as an independent director of the company for a second term of five consecutive years with effect from 24 March 2025,

subject to the approval of the members of the company.The sale of power generated under long-term PPAs rose by 7% year on year due to higher generation from the RE portfolio.Net generation for the quarter increased 10% year-on-year at 6.8 billion units driven by wind capacity additions, the incremental contribution from Utkal Unit-1 {350 MW} and hydro plants.

Total renewable energy generation was up by 18% year-on-year at 1.6 billion units driven by a 38% YoY increase in wind generation and a 14% YoY increase in hydro generation. Total thermal generation was up by 8% year-on-year at 5.1 BUs

JSW Energy’s scrip ended at Rs 504, down 5.72% on the BSE, Tuesday.

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