JSW Energy Q3 Review - Capex Cycle Commences: ICICI Securities  
JSW Energy plant in Vijayanagar, Karnataka. (Source: Company’s website)

JSW Energy Q3 Review - Capex Cycle Commences: ICICI Securities  

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 Q3 FY21 consolidated revenue/Ebitda/reported a profit after tax came in at Rs 16.1 billion/Rs 6 billion/Rs 1.2 billion, lower 23.4%/5.3%/69% YoY (adjusted profit after tax lower by 4% YoY), respectively.

Long-term generation improved 6% YoY, mainly boosted by Barmer. Earnings were impacted due to -

  1. Lower merchant volumes (mainly Ratnagiri) and prices, partially offset by lower fuel cost,
  2. lower other income, and
  3. lower interest cost.

Click on the attachment to read the full report:

ICICI Securities JSW Energy Q3FY21 Results Update.pdf

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