JSW Energy Q4 results: Shares hit 5% upper circuit as Q4 net profit jumps 22% YoY, dividend of ₹2 per share declared

In its earnings report for the quarter and full financial year ended March 31, 2024, released after the market hours on Tuesday, the company reported a 3% year-on-year rise in consolidated revenue from operations to ₹2,755.87 crore. The company’s revenue from operations was ₹2,669.97 crore in the corresponding quarter of FY23.

The power generation and transmission firm reported a 22% YoY growth in consolidated net profit at ₹345.27 crore in Q4FY24 compared to ₹282.03 crore in the corresponding quarter of FY23.

Following the result announcement, JSW Energy shares were locked in 5% upper circuit, with a day high of ₹617.9 per share.

JSW Energy’s revenue from operations grew by 8% quarter-on quarter to ₹2,755.87, increasing from ₹2,542.77 in the previous quarter of FY24. JSW Energy’s net profit grew by 48% sequentially to ₹345.27 crore from ₹232.24 crore in the quarter ended December 2023.

JSW Energy FY24 results

The power sector company’s revenue from operations for the full fiscal year FY24 grew by 11% to ₹11.485.91 crore year-on-year from ₹10.331.81 crore in FY23. JSW Energy’s net profit increased more than 11% to ₹2,166.91 crore from ₹1,942.84 crore YoY in FY23.

JSW Energy dividend

JSW Energy also announced a 20% dividend payout for FY24, which translates to a dividend of ₹2 per share of a face value ₹10 each.

The dividend payout is subject to approval at the forthcoming 30th Annual General Meeting, the company said in a stock exchange filing.