JSW Energy shares climbed 2.97% to ₹726 on the NSE on July 22, following an announcement of an 80% rise in net profit to ₹522 crore for Q1 FY25. The boost came from increased profitability in its thermal business and additional contributions from renewable energy sources.
The company’s revenue for the quarter grew by 1% year-on-year to ₹3,043 crore, up from ₹3,013 crore in the same period last year. This growth was driven by capacity additions, despite lower realisations from thermal assets due to a drop in coal prices.
JSW Energy’s EBITDA surged by 21% year-on-year to ₹1,581 crore, largely due to higher energy generation from newly-added renewable capacities and significant contributions from the Utkal Unit 1. This strong EBITDA performance underscores the company’s successful expansion into renewable energy.
The company’s stock reacted positively not only to the robust earnings report but also to new order wins, reflecting investor confidence in JSW Energy’s growth strategy and future prospects. The positive market response highlights the company’s operational efficiency and strategic focus on both thermal and renewable energy sectors.
Overall, JSW Energy’s Q1 results depict a balanced growth trajectory with significant gains in profitability, driven by a mix of thermal and renewable energy contributions. The steady increase in revenue and strong EBITDA growth signal a promising outlook for the company.
