JSW Energy Q3 net profit up 28% at Rs 231 crore, revenue rises 13%
Sajjan Jindal-promoted JSW Energy on Tuesday reported a 28 per cent rise in net profit to Rs 231 crore for the December quarter of 2023-24, helped by higher power demand and lower fuel costs.
The revenue for the same period was at Rs 2,542.80 crore, up 13 per cent year-on-year (Y-o-Y), the company said in its regulatory filing.
Ebitda, the company said, stood at Rs 1,229 crore, up 69 per cent Y-o-Y.
Ebitda is earnings before interest, taxation, depreciation and amortisation.
The revenue and Ebitda growth, the company said, was driven by an incremental contribution from a renewable portfolio and strong thermal performance, largely driven by a buoyant merchant market.
