| Revenue growth | 78% YoY in Q1 FY26 |
|---|---|
| Margins | EBITDA margin significantly improved through strategic acquisitions and capacity scaling |
| Order book | 13 GW under-construction portfolio fully tied up under long-term PPAs |
| Demand visibility | Structurally optimistic about strong medium-term power demand in India |
| Management confidence | High; citing robust growth momentum and disciplined strategy execution |
Growth
Net generation rose 71% YoY to 13.5 BUs. Revenue increased 78% YoY to over ₹5,400 crore.
Outlook
Targeting 3-4 GW capacity addition in FY26; full-year capex guided at ₹15,000-18,000 crore. Aiming for 30 GW by 2030.
Risks
Early monsoon onset impacted solar irradiation and PLFs; hydro free power obligations increased due to court rulings.
Last quarter's promises, checked
Delivered
- Guided 2.6 GW capacity addition in FY26 → delivered 2.6 GW (= BEAT)
- Guided ₹11,000 Cr+ EBITDA for FY26 → delivered ₹11,041 Cr (= BEAT)
- Guided 1.2 GW organic capacity addition → delivered 1.2 GW (= BEAT)
Partly delivered
- Guided 3 GW capacity addition for FY27 → current call maintains 3-4 GW target (= PARTIAL)
Missed
- Guided ₹20,000 Cr capex for FY26 → delivered ₹15,000-18,000 Cr range (= MISS)
Earnings Call filed with NSE, NSE: JSWENERGY. Summary written with AI assistance from the document.
JSW Energy Ltd: key numbers
- Share price
- ₹506.55
- Market cap
- ₹92,875 Cr
- Revenue (annual)
- ₹18,901 Cr
- Net profit (annual)
- ₹2,239 Cr
- P/E (TTM)
- 47.2×Sector 25.1×
- Promoter holding
- 66.53%-2.88% QoQ
- FII holding
- 11.41%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from JSW Energy Ltd
All →JSW Energy Business Update
JSW Energy's subsidiary has contracted Toshiba JSW for 1,600 MW of steam turbine generators. This Phase II order completes equipment procurement for the 3,200 MW Salboni Thermal Project.
- thermal generation equipment
- 1600.0 MW
JSW Energy Employee Stock Options
JSW Energy Employees Welfare Trust sold 26,419 equity shares off-market to employees exercising options under the company's ESOP Plan, 2021. This completes the share transfer process.
JSW Energy Legal & Regulatory
The APTEL set aside a CERC order, allowing JSW Hydro Energy's IDC claim regarding tariff determination for 2014-24. The matter is remanded to CERC for data verification.
JSW Energy Promoter Selling: ₹0.24 Cr
JSW Energy Employees Welfare Trust sold 4,519 equity shares via open market transactions worth ₹0.24 Crore. This disclosure aligns with PIT regulations.
- Value
- ₹0.24 Cr
JSW Energy Credit Rating
JSW Energy Limited has received assigned and affirmed credit ratings from India Ratings and Research for its non-convertible debentures, bank loans, and commercial paper.
JSW Energy Employee Stock Options
JSW Energy Employees Welfare Trust and ESOP Trust sold/transferred a total of 61,653 equity shares to employees exercising ESOPs, totaling ₹0.47 Crore in aggregate consideration.
- Value
- ₹0.47 Cr