JSW Energy shares plunged 10% intra-day before recovering to ₹470.35 (-6.68%) at 12:35 PM due to weak Q3 earnings.
JSW Energy’s Q3 net profit declined 27% YoY to ₹168 crore, down from ₹231 crore, as revenue from thermal & hydropower fell.
Q3 revenue fell marginally to ₹2,640 crore from ₹2,661 crore, as weak short-term power tariffs offset growth from renewables.
EBITDA margin contracted to 42.2%, down from 46.2% in Q3 last year, reflecting operational pressures and lower realizations.
Motilal Oswal cut FY25 profit estimates by 5%, citing weaker earnings but maintaining a positive outlook on 14GW expansion.
JSW Energy targets 10GW capacity by FY25 and 28GW total, with key acquisitions KSK Mahanadi & O2 Power expected by FY26. Source – Moneycontrol