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News Topical, Digital Desk : JSW Energy has released the results for the April-June quarter (Q1 FY26). The company's results in the first quarter have been strong on a year-on-year basis. During April-June, JSW Energy's consolidated net profit increased by 42.4% to Rs 743 crore. This strength in the company's results has been seen on the back of rapid growth in renewable energy and thermal energy production.
During the June quarter, the company's total income grew by 78.6% to Rs 5,143 crore. During this period, operating profit i.e. EBITDA almost doubled to Rs 2,789 crore, which is 96.8% more than last year. Operating margin increased from 49.2% to 54.2%.
Production and capacity
The company commissioned 1,893 MW of capacity in this quarter, taking the total installed capacity to 12,768 MW. This is 70% more than last year. This includes 1,343 MW from the acquisition of Mytrah Energy (now 02 Power) and 550 MW from renewable sources.
Total power production during the quarter was 13.5 billion units, which is 71% more than last year. Renewable energy production was 5 billion units. It has shown a growth of 54%. Production from long-term power purchase agreements (PPA) increased by 73% to 11.8 billion units.
What did the management say?
Joint MD and CEO Sharad Mahendra said the quarter was a "turning point" driven by disciplined investments, improved revenues and efficiencies.
What else was new in the results? Generation from thermal capacity at the Vijayanagar facility grew 124%, led by new captive PPAs. New PPAs of 605 MW were signed during the quarter and 450 MW post-quarter. One unit of the Kutehar hydro plant has been commissioned, the rest is in progress.
What are the company's future plans going forward? The company reported 13 GW under construction and a total captive capacity of 30.3 GW at the end of the quarter. JSW Energy aims to achieve 30 GW generation and 40 GW-hour storage by 2030.
Stock performance Ahead of the results, JSW Energy shares closed 1.66% lower at Rs 517.75 on the NSE.
Read More: Share news: The company has approved a big acquisition - the stock will be in focus on Monday
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