JSW Energy Q2FY22 consolidated net falls 5.5% on one-off interest cost

Sajjan Jindal-led JSW Energy’s consolidated net profit for the July-September quarter dropped 5.52% year-on-year (y-o-y) to Rs 336.62 crore missing the Bloomberg estimates on account of one off prepayment and unamortised finance cost of Rs 92 crore, the company said.

Adjusting for an exceptional finance cost towards rupee term loan for the hydro project, the net profit for September quarter stood at Rs 414 crore against Rs 356 crore a year ago.