JSW Energy shares drop 8% after profits slide 9% YoY in Q4 results; here’s what investors should know

JSW Energy shares dropped 8% to hit their intraday low during the early market hours on Tuesday, May 12, after the March quarter results failed to boost investor sentiment in the power generation firm’s stock.

NSE filings released post-market hours on Monday showed JSW Energy’s profits (attributable to owners of the company) dropped 9% to ₹371 crore in the fourth quarter of the financial year ended 2025-26, compared with ₹408 crore in the same period a year earlier.

Shares of the company dropped to an intraday low of ₹512 on early market Tuesday before a somewhat recovery during the trading hours. As of 9:55 am, JSW Energy shares were down 5.43% to ₹526.40 on Tuesday, compared to ₹556.65 at the previous market close.

The board also announced a ₹2 per share dividend issue for shareholders. If approved, the eligible shareholders will receive a ₹2 per share dividend payment up to one day ahead of the corporate action.

Q4 results snapshot

JSW Energy’s consolidated financial statements showed that the company’s revenues for the fourth quarter increased despite the results ending with a reduction in profits. The revenue from core operations rose 41% YoY to ₹4,498 crore, compared to ₹3,189 crore in the same period a year ago.

The company’s rising financing and fuel costs increased the overall total expenses for the March quarter of the financial year ended 2025-26.

The company’s finance cost for the fourth quarter recorded a 138% increase to ₹1,608 crore, compared to ₹675 crore in the same period a year ago. While the fuel cost surged 15% to ₹1,340 crore in the fourth quarter, compared year-on-year with ₹1,163 crore in the same period a year earlier.

The board also announced a ₹2 per share dividend issue for shareholders. If approved, the eligible shareholders will receive a ₹2 per share dividend payment up to one day ahead of the corporate action.

Segmental revenues showed that JSW Energy’s thermal and renewable business remained the largest contributors to the overall income for the period. The company’s income from thermal business rose to ₹3,345 crore, compared to ₹2,265 crore in the same period a year ago.

JSW Energy’s renewable energy business recorded a 34% rise in income to ₹1,141.51 crore in the March quarter, compared year-on-year with ₹847.30 crore in the same period a year ago.

JSW Energy share price trend

JSW Energy shares have delivered more than 347% returns on their investment in five years, over 102% gains in the last three years, and over 9% returns in the past one-year period, according to NSE data.

The exchange data also showed that the stock has risen 4.8% so far in 2026, and over 7% in the last one month. JSW Energy's stock was down 6.3% in the last five trading sessions on the Indian stock market.

The power generation company’s market capitalisation (M-Cap) was trading around ₹91,607 crore as of the trading session on Tuesday, May 12.