JSW Energy Q1 results: PAT jumps 80% to Rs 522 cr on higher thermal biz

JSW Energy on Friday posted an 80 per cent jump in its net profit at Rs 522 crore in the April-June quarter, mainly due to higher profitability in thermal business and incremental contributions from renewables.

"Profit After Tax (PAT) or net profit surged 80 per cent YoY (year on year) to Rs 522 crore, up from Rs 290 crore in the same period last year, driven by higher profitability in the thermal business and incremental contribution from RE capacity additions. Cash PAT for the quarter was robust at Rs 958 Crore," a company statement said.

Revenue increased by 1 per cent YoY to Rs 3,043 crore during the reporting quarter from Rs 3,013 crore in the corresponding period last year.

The incremental revenue from capacity additions was offset by lower realisation in thermal assets on account of decline in coal prices (which are pass through in nature).

EBITDA (earnings before interest, taxes, depreciation, and amortization) was higher by 21 per cent YoY at Rs 1,581 crore in the quarter,