JSW Energy Q1 net profit down 48%, revenue declines 3% to Rs 2,927 cr

Sajjan-Jindal promoted JSW Energy on Friday reported a 48 per cent decline in its consolidated net profit, owing to weakness in its hydro energy, short-term sales, and coal segments, along with charges related to debt-refinancing.

JSW Energy reported a net profit of Rs 289.88 crore, a 48 per cent decline on a year-on-year (YoY) basis at the consolidated level in the June quarter. The company attributed the dip to the drag from lower short-term sales, hydrology, and profits at international coal assets, and one-off charges due to debt refinancing at Mytrah, one of its new renewable energy assets.