JSW Energy's Q2 FY 2025-26 Quarterly Results

Result Summary

• JSW Energy Ltd reported a 0.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 55.0%.
• Its expenses for the quarter were up by 0.2% QoQ and 79.0% YoY.
• The net profit decreased 1.4% QoQ and decreased 6.0% YoY.
• The earnings per share (EPS) of JSW Energy Ltd stood at 4.04 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

JSW Energy Ltd is a prominent player in India's power sector, primarily engaged in the generation and distribution of electricity. The company is a part of the JSW Group, a multi-faceted business conglomerate with interests in steel, energy, infrastructure, and cement. JSW Energy operates various power plants across India, utilizing diverse energy sources such as thermal, hydro, and solar, contributing significantly to the energy supply in the country. The company is committed to sustainability and has been increasingly focusing on expanding its renewable energy portfolio. Recent developments in the company include efforts to enhance its capacity in renewable energy projects, aligning with global trends towards sustainable and green energy solutions.

Revenue

In the second quarter of FY26, JSW Energy Ltd reported a total income of ₹5361.07 crores, which reflects a slight decrease of 0.9% compared to the previous quarter's income of ₹5411.24 crores. However, when compared to the same quarter in the previous fiscal year (Q2FY25), there has been a significant increase of 55.0% from ₹3459.40 crores. This substantial year-over-year growth in revenue demonstrates the company's capacity to scale its operations and possibly benefit from favorable market conditions or strategic initiatives taken in the past year. The figures indicate a robust performance in terms of revenue generation compared to the previous year, despite the minor quarter-over-quarter decline.

Profitability

For the quarter ending in Q2FY26, JSW Energy Ltd's profit before tax was ₹953.53 crores, which is a decrease of 5.8% from ₹1012.42 crores in Q1FY26 and a slight decrease of 4.3% from ₹996.51 crores in Q2FY25. The tax expenses for the current quarter were ₹131.22 crores, marking a 26.9% reduction from the previous quarter's tax of ₹179.55 crores, but a slight increase of 2.4% compared to the same quarter last year. The profit after tax stood at ₹824.27 crores, down by 1.4% from the previous quarter's profit of ₹835.86 crores and reflecting a 6.0% decline from ₹876.76 crores in Q2FY25. The company's earnings per share also experienced a decrease, recorded at ₹4.04, compared to ₹4.25 in the previous quarter and ₹4.88 in the same quarter of the prior year.

Operating Metrics

JSW Energy Ltd's total expenses for Q2FY26 amounted to ₹4407.54 crores, representing a marginal increase of 0.2% from ₹4398.82 crores in the previous quarter and a significant rise of 79.0% from ₹2462.89 crores in Q2FY25. This indicates that the company has experienced a notable increase in operating costs year-over-year. Despite the increase in total expenses, the company has maintained a positive revenue growth relative to the same period last year. The quarterly earnings per share saw a decrease of 4.9% from the previous quarter and a substantial decline of 17.2% year-over-year, which may reflect the impact of increased expenses or other operational factors on profitability.