JSW Energy Q1FY24 profit declines 48.3% to Rs 289.88 crore despite 18% EBITDA growth

JSW Energy on Friday posted its fiscal first quarter profit at Rs 289.88 crore, down 48.3 per cent in comparison to Rs 560.43 crore during the same quarter last year. It posted revenue from operations at Rs 2,927.85 crore, declining by 3.3 per cent from Rs 560.43 crore during Q1FY23. The revenue dropped, it said, as incremental revenue from the recently acquired assets of Mytrah Energy renewable capacity additions was offset by lower realization in thermal assets on account of decline in coal prices.