Mumbai, Jan 28 (IANS) JSW Energy reported a 27 per cent year-on-year drop in its consolidated net profit for the third quarter (Q3) of FY25.
The company’s profit fell to Rs 168 crore in the October-December 2024 period, compared to Rs 231 crore in the same quarter last year.
The decline was due to lower revenue from thermal and hydropower plants, the company said in a filing to the Bombay Stock Exchange (BSE).
The company’s revenue also saw a slight dip to Rs 2,640 crore in Q3 FY25 from Rs 2,661 crore in the previous year.
JSW Energy explained that while additional renewable capacity and the Utkal Unit-1 contributed to sales, lower short-term revenue from its Ratnagiri and Vijayanagar plants offset the gains.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) decreased by 9 per cent to Rs 1,115 crore compared to Rs 1,229 crore in Q3 FY24.
The EBITDA margin dropped to 42.2 per cent from 46.2 per cent during the same period last year.
The board of JSW Energy has also approved a plan to raise long-term funds of up to Rs 3,000 crore.
This will be done through the issuance of rated and listed Non-Convertible Debentures (NCDs) on a private placement basis, the company stated in its regulatory filing.
In terms of operational performance, the company’s net power generation rose by 10 per cent year-on-year to 6.75 billion units (BU) in Q3 FY25.
Renewable energy generation increased by 18 per cent to 1.6 BU, while thermal generation grew by 8 per cent to 5.1 BU.
JSW Energy currently has an installed operational capacity of 8,117 MW, with an additional 7,570 MW under construction.
Shares of JSW Energy fell 5.72 per cent to close at Rs 504 on the BSE.
— IANS
pk/na
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
