JSW Energy net up 6.6 pc to Rs 244.38 cr in June quarter

JSW Energy on Tuesday posted a 6.6 per cent rise in its consolidated net profit to Rs 244.38 crore in the June quarter, mainly on account of higher revenues and lower expenses.

The company's consolidated net profit was Rs 229.17 crore for June 2018 quarter, a company statement said.

Its total income rose to Rs 2,463.99 crore from Rs 2,427.87 crore.

The company has only one reportable segment and that is power generation.

Besides, approving financial results of the company, its board in its meeting held on Tuesday, also approved the raising of long-term funds up to Rs 2,500 crore, through issuance of redeemable non-convertible debentures by way of a private placement

The board has authorised its finance committee to decide on all matters related to the proposed issuance of the debentures, including finalisation and approval of the detailed terms of issue.

The company said finance costs declined to Rs 270 crore in the June 2019 quarter as against Rs 313 crore a year ago, which is ...