JSW Energy Share Price Dips 7.08%; EBITDA Falls 9% YoY in Q3 FY25 Results

JSW Energy Limited has been in focus on Wednesday. Yesterday, the company announced the unaudited financial results of the company for the quarter and nine months ended December 31, 2024.

On January 29, 2025, JSW Energy share price opened at ₹463.70, down from its previous close of ₹504.00. At 10:16 AM, the share price of JSW Energy was trading at ₹468.30, down by 7.08% on the NSE.

Q3 FY 2025 Financial Highlights

The company’s revenue for the quarter stood at ₹2,640 crore, down by 1% compared to ₹2,661 crore in Q3 FY24.

EBITDA for the quarter was ₹1,115 crore, reflecting a decrease of 9% year-on-year, primarily due to lower short-term sales contribution, despite an increase in overall generation.

The company reported a profit after tax (PAT) of ₹168 crore, down from ₹231 crore in the same period last year. Finance costs increased to ₹565 crore, primarily due to capitalised projects, with a weighted average cost of debt at 8.87%. Cash PAT for the quarter stood at ₹507 crore.

JSW Energy maintains a financial position with a consolidated net worth of ₹27,152 crore and net debt of ₹26,448 crore as of December 31, 2024.

The company’s net debt-to-equity ratio stood at 1.0x, and the net debt-to-EBITDA ratio was 4.5x, which remains within the guidelines set by credit rating agencies. Liquidity continues to be robust, with cash balances amounting to ₹4,947 crore as of the end of Q3 FY25.

Operational Performance Highlights

The company’s total net generation increased by 10% year-on-year, reaching 6.8 BUs, driven by wind capacity additions, increased generation at Utkal Unit-1, and improved output from hydro plants.

Renewable energy generation also saw a boost, rising by 18% year-on-year to 1.6 BUs, with wind generation increasing by 38% and hydro generation growing by 14%. Thermal generation rose by 8% year-on-year to 5.1 BUs. Long-term Power Purchase Agreement (PPA) generation increased by 7% year-on-year, totalling 5.6 BUs.

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