JSW Energy shares hit 10% lower circuit as Q3 numbers fail to cheer investors

At 10:15 AM, the stock was trading at ₹468.30 on BSE, sliding as much as 7.08%. On NSE, the shares were also down 8%.

The Sajjan Jindal-led company reported a 27% year-on-year (y-o-y) decline in its consolidated net profit for the third quarter amid lower revenues from thermal and hydropower plants.

Revenue of the JSW Group firm also fell to ₹2,640 crore in Q3FY25 from ₹2661 crore a year earlier. The company said this was because incremental sales from renewable capacity addition and Utkal Unit -1 were offset by lower short-term realisation at Ratnagiri and Vijayanagar plants.

EBITDA decreased 9% to ₹1,115 crore from ₹1,229 crore a year earlier. The EBITDA margin was 42.2% compared to 46.2% during the same quarter last year.

As of Q3FY25, JSW Energy's total operational capacity stands at 8.1 GW, with a locked-in capacity of 28.3 GW. The company currently has 6714 MW of capacity under the pipeline. Out of this, 1848 MW of capacity will be operational by FY25.

The company also re-appointed Rajiv Sharma as an independent director of the company for a second term of five consecutive years with effect from March 24, 2025.