JSW Energy Q1 net up 3.37 pct on improved realisations, margins
JSW Energy, the Sajjan Jindal-led firm, reported a 3.59% year-on-year decline in total power generation for the April-June quarter of 2019 as the major power plants reported decline in plant load factor (PLF) on account of short-term power sales during the quarter. The total PLF for the June quarter stood at 69% as against 69.8% a year ago.
However, the consolidated net profit for the June quarter was higher by 3.37% on-year at `237 crore on better realisations on sale of power and marginal increase in operating margins. But, the profit numbers missed the Bloomberg estimate of `271 crore.
