JSW Energy Q4 results, PAT rises 29%, dividend of Rs 2 announced

JSW Energy Q4 results, PAT rises 29%, dividend of Rs 2 announced

Private power producer JSW Energy has reported a 29% increase in its profit after tax (PAT) for the quarter ending on March 31, 2024. This rise in PAT is due to lower tax expenses.

The company's consolidated PAT for the quarter stood at Rs 351.34 crore, up from Rs 272.05 crore in the same period last year. JSW Energy also reported that its revenue from operations was Rs 2,755.87 crore, which is a growth of three percent from the previous year.

The company reported a 47% increase in EBITDA for the quarter, totaling Rs 1292 crore. This growth was driven by the renewable portfolio's incremental contribution and the excellent performance of thermal assets. Additionally, the company's revenue from operations rose by 8% sequentially, while profits rose by 52%.

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The company reported that the total net generation for the quarter increased by 26 percent to 6.4 billion units, and the net debt as of March was at Rs 26,636 crore. Additionally, JSW Energy's board recommended a dividend of Rs 2 per equity share for FY24, subject to the approval of shareholders at the next annual general meeting.

Moreover, JSW Energy also said the board approved raising of funds not exceeding Rs 10,000 crore in one or more tranches, through the issuance of eligible securities by way of private offerings and on a preferential allotment basis and a qualified institution placement or any other method or combination. 

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