Sajjan Jindal-led JSW Energy’s share price slid significantly by 10% to hit the lower circuit at Rs 453.60 on the BSE in early trade on Wednesday, January 29, after the company reported a 32% decline in its profit after tax (PAT) to Rs 157 crore on a year-on-year (YoY) basis.
The company had reported a net profit of Rs 232 Crore in the same period last year.
JSW Energy’s total revenue also witnessed a marginal decline of 1% YoY to Rs 2,640 crore from Rs 2,661 Crore in the year’s corresponding period.
The company’s EBITDA came in at Rs 1,115 crore in the quarter, lower by 9% primarily due to lower short-term sales contribution, despite higher overall generation, the company said.
The company’s sale of power generated under long-term PPAs rose by 7% year on year due to higher generation from the RE portfolio.
The company’s board also approved raising long-term funds up to Rs 3,000 crores through the issuance of rated and listed Non-Convertible Debentures on a private placement basis, it said in a regulatory filing.
It has also re-appointed Rajiv Sharma as an independent director of the company for a second term of five consecutive years, effective from 24 March 2025.
Market Reaction
Following the earnings announcement, JSW Energy’s shares plunged to ₹453.60 from ₹504, marking a notable loss in market capitalization, which slipped to approximately ₹82,206 crore.
The trading volume surged, with about 5.78 lakh shares changing hands, indicating heightened investor activity amid the negative sentiment surrounding the stock.
JSW Energy’s Share Price History
JSW Energy shares, over the past year, have witnessed a gain of 3.44%, while the last six months experienced a significant decline of 27.31%, and the three-month period recorded a decrease of 21.77%.
The shares of JSW Energy closed 5.72% lower at Rs 504 on the BSE in the previous trading session.
Net generation for the quarter increased 10% year-on-year at 6.8 billion units driven by wind capacity additions, the incremental contribution from Utkal Unit-1 {350 MW} and hydro plants.
Further, the total renewable energy generation was up by 18% YoY at 1.6 billion units, driven by a 38% YoY increase in wind generation and a 14% YoY increase in hydro generation. Total thermal generation was up by 8% year-on-year at 5.1 BUs.