JSW Energy Q2 profit rises 12% to Rs 353 crore
NEW DELHI: JSW Energy Limited on Friday posted about 12 per cent rise in consolidated net profit at Rs 353 crore for the September quarter of this fiscal mainly due to lower fuel and finance cost.
The company had reported a profit of Rs 316 crore in the year-ago period, a BSE filing said.
The profit in April-September also rose to Rs 597.36 crore from Rs 545.13 crore a year ago.
Total revenue during the quarter under review fell 13 per cent to Rs 2,232 crore from Rs 2,568 crore reported in the previous year mainly due to decline in fuel cost.
The fuel cost for the quarter fell 26 per cent year-on-year to Rs 983 crore primarily due to moderation in the imported coal prices, the company said.
JSW’s EBITDA margins for the second quarter increased by 5 per cent to Rs 1,048 crore from Rs 998 crore in the corresponding quarter of the last fiscal.
