JSW Energy Reports 80% Rise In Net Profits In Q1

JSW Energy Reports 80% Rise In Net Profits In Q1

JSW Energy has published its latest financial results for the first quarter of Financial Year 2024-25. The information submitted by the company before BSE revealed that the company has raised its net profit by around 80 percent on a Year-on-Year (YoY) basis.

As per the details, the company reported a total Profit After Tax (PAT) at Rs 290 crore in Q1FY24. On the other hand, its net profit for Q1FY25 stood at Rs 522 crore, reporting an increase in the profits by 80 percent. The company also said that its revenue also increased from Rs 3013 crore (Q1FY24) to Rs 3043 crore in the latest quarter, hinting at an increase of one percent.

On the other hand, the company also reported an increase in EBIDTA from Rs 1307 crore (Q1FY25) to Rs 1581 crore in the latest quarter. It also said that its renewable energy generation also went up by 44 percent on YoY basis. It also reported an increase of hydro power generation by 61%.

The company said that during Q1 of FY25, JSW Energy signed PPAs for 2,025 MW of renewable energy capacity which included 1 GW from both solar and wind sources. During the same period the company won renewable energy bids having a total capacity of 900 MW (600 MW hybrid projects each and 300 MW solar.

At the same time, the company also commenced construction of 1 Gwh of SECI projects with expected commissioning by June 2025. It has also started works for 3,800 TPA of Green Hydrogen project which is expected to be commissioned by Q4 of FY25.

Renewable Energy Asset Ownership

JSW Energy Reports 80% Rise In Net Profits In Q1

The public filing documents from JSW Energy revealed that the company has around 5,650 MW of renewable energy projects in pipeline for which the LOA/LOI have been issued. On the other hand, the company has also signed PPA for 2,025 MW of energy projects.

The company now has 3,676b MW of wind project assets, 1,631 hydro project assets and 675 MW of solar assets. JSW Energy said that its total installed renewable capacity increased from 3,059 MW in Q1FY24 to 4,028 MW in Q1FY25.