JSW Energy Q2 Results: Consolidated PAT Falls 17% YoY to Rs 705 Crore, Yet Revenue Climbs 60%
JSW Energy recently released its Q2 financial results, revealing a complex picture of performance. While the consolidated profit after tax (PAT) experienced a notable decline of 17% year-over-year, reaching Rs 705 crore compared to Rs 853 crore in the same quarter last year, the company’s revenue surged impressively by 60%. The revenue from operations for the quarter stood at Rs 5,177 crore, significantly up from Rs 3,237 crore in the previous year.
Performance Highlights
This quarter saw a sequential decline in PAT as well, dipping 5% from Rs 743 crore in Q1 FY26. Despite the revenue growth, the topline showed only a slight increase of 0.7% from Rs 5,143 crore reported in the preceding quarter. However, on a more positive note, JSW Energy experienced a remarkable increase of 67% in Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA), which totaled Rs 3,180 crore. This stellar growth is largely attributed to significant additions to its organic renewable capacity along with contributions from Mahanadi and O2 Power projects.
Strong Growth Strategy
For the first half of FY26, the situation appears more favorable, with EBITDA soaring 79% year-over-year to Rs 6,237 crore. The company reported a cash PAT growth of 27% YoY for the quarter, reaching Rs 1,512 crore, while the cash PAT for the half-year grew 44% YoY to Rs 3,090 crore.
Despite the fluctuations in profit, JSW Energy maintains a robust balance sheet, with a net debt-to-equity ratio of 2.1x. The total cash and cash equivalents stood at Rs 6,181 crore, bolstering the company’s financial stability. The credit ratings for JSW Energy were reaffirmed at ‘AA/Stable/A1+’, reflecting confidence from credit agencies.
Future Prospects
The company’s installed capacity currently stands at 13.2 GW, having added 443 MW of organic renewable capacity during the quarter. Furthermore, JSW Energy is actively working on growth initiatives, including a strategic arrangement with GE Power India to acquire its boiler manufacturing business, enhancing its thermal segment supply chain.
In conclusion, despite a drop in consolidated PAT, JSW Energy’s Q2 results demonstrate a strong revenue performance and strategic growth plans, positioning it for future expansion in a rapidly evolving energy market.