JSW Energy share price in focus: GQG Partners sells shares for ₹676 crore in bulk deal

According to a PTI report, NRI Rajiv Jain-backed GQG Partners, through its affiliate GQG Partners Emerging Markets Equity Fund, offloaded over 1.52 crore shares (1,52,40,805) representing a 0.87% stake in JSW Energy, as per the bulk deal data available on the BSE.

The shares were disposed of at an average price of ₹444 apiece, taking the transaction value to ₹676.69 crore.

After the latest transaction, GQG Partners' holding in JSW Energy has declined to 0.92% from 1.79% earlier.

Details of the buyers of JSW Energy's shares could not be ascertained on the exchange.

JSW Energy Q2 FY26 Results

JSW Energy on Friday said its consolidated net profit declined over 17% year-on-year (YoY) to ₹705 crore in the September quarter of the current fiscal year (Q2 FY26), weighed down by a surge in expenses.

It had clocked a net profit (profit after tax or PAT) of ₹853 crore in the second quarter of the preceding 2024-25 financial year, the JSW Group entity said in an exchange filing.

In the latest July-September period, the company registered a 59% year-on-year rise in total revenues to ₹5,361 crore from ₹3,459 crore in the year-ago period.

However, JSW Energy's expenses shot up by around 79% to ₹4,407.54 crore from ₹2,462.89 crore in July-September FY25.

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said: "This quarter...we commissioned the 240 MW Kutehr Hydroelectric Project in record time and completed our very first floating solar project. The integration of O2 Power and Mahanadi is progressing smoothly, and we are already witnessing meaningful synergies taking shape across our operations."

The company will continue to remain steadfast in its focus on achieving our ambitious targets, 30 GW of generation capacity and 40 GWh of storage by 2030, he said.

JSW Energy further said that despite the Q2 FY26 PAT decline, the same grew by 5% YoY in H1 FY26 to ₹1,448 crore.

JSW Energy share price trend

Shares of the company have remained in negative territory over the short to medium term. Data show that the stock has slipped nearly 6% in the past five sessions, 13.5% in the past 30 days, and over 15% in the past six months.

So far in 2025 (year-to-date, or YTD), the stock has declined 30%, while over the past 12 months, the stock has shed 32% of its value.