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23-Oct-2023

JSW Energy

Net jumps 83% on good operating show


'Consolidated net sales (including other operating income) of JSW Energy for the quarter ended Sep 2023 has increased 36.52% to Rs 3259.42 crore.  Strong growth in topline is due to incremental revenue from renewable, portfolio and strong thermal performance on the back of a buoyant merchant market. Operating profit margin has jumped from 37.26% to 57.69%, leading to 111.38% rise in operating profit to Rs 1,880.38 crore.  Purchase of finished goods cost rose from 2.37% to 3.27%.   Employee cost decreased from 3.71% to 2.65%.   Other expenses fell from 56.66% to 36.39%.   Power and Oil fuel cost fell from 47.97% to 29.21%.   Strong jump in operating profit level was due to robust profit contribution from acquired renewable assets, short term thermal sales and a truing-up impact at hydro business.

Other income fell 38.72% to Rs 127.94 crore.  PBIDT rose 82.85% to Rs 2008.32 crore.  Pro...



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