JSW Energy Q4 Review - Profits Benefit From Back-Down Charges: Motilal Oswal
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Motilal Oswal Report
JSW Energy Ltd.’s results reflect the benefit of back-down charges for an erstwhile power purchase agreement (PPA) with Telangana.
At the consolidated level, Ebitda was up 10% YoY to Rs 6.3 billion.
The company has set its sights on improving its renewables footprint, with plans to reach a total of 10 gigawatt of installed capacity by FY25 (versus 4.5 gigawatt currently).
Wins of 2.2 gigawatt (including those for group captives) provide visibility to these plans.
However, even as we build in the successful commissioning of these projects over the next two to three years, the current price factors this in well.
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