JSW Energy Q2 profit up 12% on low fuel, finance cost; revenue down 13%
JSW Energy Ltd (JEL) said on Friday its revenue in the second fiscal quarter dropped by 13 per cent to Rs 2,232 crore primarily due to decline in fuel costs.
The Sajjan Jindal-led company had reported a revenue of Rs 2,568 crore in Q2 of FY19. But in July to September quarter (Q2 FY20), fuel costs decreased by 26 per cent to Rs 983 crore due to moderation in imported coal prices.
However, earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 5 per cent to Rs 1,048 crore from Rs 998 crore in the corresponding quarter of previous year.
At the same time, finance costs declined to Rs 272 crore in Q2 FY20 from Rs 308 crore due to proactive debt re-payments and pre-payments.
