JSW Energy Q2 Review - Beneficiary Of Merchant Sales: ICICI Securities

JSW Energy Q2 Review - Beneficiary Of Merchant Sales: ICICI Securities

The JSW Steel Ltd. head office office stands at the Bandra Kurla Complex in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

JSW Energy Ltd.'s Q2 FY22 consolidated revenues, Ebitda, reported PAT came in at Rs 20.9 billion, Rs 9.3 billion, Rs 3.4 billion (+7.7%, +0.6%, -3.7% year-on-year) respectively.

Net generation was up 2% year-on-year mainly due to 4% increase in thermal generation, while hydro declined 1%.

JSWEL was able to benefit from higher exchange prices due to its low-cost thermal coal inventory and 13% untied capacity.

Short-term sales in Q2 FY22 were up 116% year-on-year at 236MUs.

Further, for the first 25 days of October 2021, JSWEL was the highest seller in the merchant power market, selling more volumes than in Q2FY22.

Click on the attachment to read the full report:

ICICI Securities JSW Energy Q2FY22 Result.pdf
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