New Delhi: JSW Energy on Friday posted an 82 per cent rise in its consolidated net profit to Rs 850 crore for the September quarter on the back of higher revenues.
“Profit After Tax (PAT, or consolidated net profit) was Rs 466 crore in the corresponding period of previous year,” a company statement said.
It explained that the higher profitability was driven by robust contribution from Acquired RE portfolio, merchant sales and hydro truing up impact, meaning better output.
During the quarter, total revenue increased 30 per cent year-on-year (y-o-y) to Rs 3,387 crore from Rs 2,596 crore in the year-ago period due to incremental revenue from renewable,
