| Revenue growth | Flat YoY at ₹5,437 Cr; renewable additions offset by weak hydrology. |
|---|---|
| Margins | EBITDA margins steady; merchant realization improved to ₹5.10 per unit. |
| Order book | Recent 440 Cr battery order; multiple long-term PPAs signed for thermal. |
| Demand visibility | Strong; India's peak demand hit 271 GW, targeting 300 GW soon. |
| Management confidence | Extremely confident, emphasizing rapid execution and successful ₹10,150 Cr capital raise. |
Growth
Capacity added 873 MW in quarter; revenue flat at ₹5,437 Cr, EBITDA up 2% to ₹3,103 Cr.
Outlook
Targets 20 GW capacity and 40 GWh storage by 2030; ₹20,000 Cr capex planned for FY27.
Risks
Hydrology weakness (Sutlej down 39%) and dependence on merchant prices pose volatility risks.
Last quarter's promises, checked
Delivered
- Guided 3 GW FY27 capacity addition → delivered ~36% (1.1 GW) by July (= BEAT)
- Guided ₹20,000 Cr FY27 capex → on track with projects in full swing (= BEAT)
- Guided net leverage below 5x → delivered 4.95x (= BEAT)
Partly delivered
- Guided 1.9 GW connectivity by FY27 → 300 MW currently under TGNA curtailment (= PARTIAL)
Missed
- Guided hydro generation growth → delivered 26% YoY decline due to weak hydrology (= MISS)
Earnings Call Transcript filed with NSE, NSE: JSWENERGY. Summary written with AI assistance from the document.
JSW Energy Ltd: key numbers
- Share price
- ₹483.00
- Market cap
- ₹88,557 Cr
- Revenue (annual)
- ₹18,901 Cr
- Net profit (annual)
- ₹2,239 Cr
- P/E (TTM)
- 45.0×Sector 21.4×
- Promoter holding
- 66.53%+0.00% QoQ
- FII holding
- 10.91%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 Management Change
JSW Energy appointed Chandrasekaran Prabhakaran as Executive Director (Whole-time Director) on 28 October 2026. He brings over 26 years of corporate finance and governance experience.
JSW Energy Q2 FY27 Results: Net Profit ₹1,141 Cr, Up 38.4% YoY
JSW Energy Ltd reported revenue from operations of ₹6,368 Cr (+23.0% YoY) and net profit of ₹1,141 Cr (+38.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹1,141 Cr · +38.4% YoY
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JSW Energy has scheduled its Board meeting for 28 October 2026 to consider Q1 results, NCD issuance, and equity fundraising. The trading window reopens on 31 October 2026.
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JSW Energy Merger & Restructuring
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