JSW Energy Q1 net up 6.5% to ₹244 cr

Our Bureau JSW Energy has reported a 6.5 per cent rise in net profit to ₹244 crore in the June quarter compared to ₹229 crore it posted in the same period last year. This improvement largely came due to reduction in finance and fuel costs.

Revenues for the Sajjan Jindal Group company came in at ₹2,412 crore — a 2.2-per cent increase against ₹2,360 crore it posted in the year-ago period.

This increase was in part due to the growth in power demand in the country, which was estimated to have grown 6-7 per cent. Sharad Mahendra, Director and Chief Operating Officer, said that growth will be in the same region in the remaining quarters. Demand was also driven by the government’s rural electrification and rural demand.