JSW Energy - Lower Merchant Volumes Impact Q3 Performance: Motilal Oswal 
JSW Energy plant used for power generation. (image: Company Website)

JSW Energy - Lower Merchant Volumes Impact Q3 Performance: Motilal Oswal 

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.

Motilal Oswal Report

JSW Energy Ltd.’s results reflect the impact of lower merchant sales volumes due to subdued merchant prices.

However, this was partly offset by operational efficiency measures. At the consolidated level, Ebitda was down 5% YoY at Rs 6.0 billion.

Debt reduction continues, with net debt (including acceptances) coming in at Rs 73.4 billion (versus Rs 98.1 billion at the end of FY20). Interest cost has also decreased 27% YoY.

Furthermore, free cash flow generation would remain strong given approximately 80% of the company’s capacity is tied up in long-term power purchase agreements.

Click on the attachment to read the full report:

Motilal Oswal JSW Energy Q3FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.