JSW Energy on Friday posted a 37 per cent rise in its consolidated net profit to Rs 466 crore in the September quarter compared to the year-ago period mainly on the back of higher revenues.
The company reported a profit after tax of Rs 339 crore in the corresponding period of the previous year, a statement said.
During the quarter, total revenue increased by 16 per cent YoY to Rs 2,596 crore from Rs 2,237 crore in the year-ago period, JSW Energy said.
Finance cost during the quarter (July-September) increased by 7 per cent YoY to Rs 204 crore because of additional borrowings due to ongoing growth capex. The weighted average cost of debt increased by 7 bps QoQ (basis point quarter on quarter) to 7.94 per cent, it stated.
