JSW Energy Q3 profit rises 28% to Rs 231 cr on demand boost, low fuel costs

India’s JSW Energy reported a jump in third-quarter profit on Tuesday, helped by greater power demand and lower fuel costs.

India’s electricity generation rose 8.7% year-on-year in the December quarter, which analysts attributed to festive activities and strong industrial demand.

The country’s average peak demand during the quarter increased 13.8% year-on-year to 218 gigawatts (GW), analysts said.

This, combined with growing industrial output, helped JSW Energy report a consolidated net profit of 2.31 billion rupees ($27.8 million), up 28% from last year.