JSW Energy Q3 Results: Profit jumps 28 per cent to Rs 231 crore; Revenue increased 13 per cent

JSW Energy on Tuesday reported over 28 per cent rise in its consolidated net profit to Rs 231 crore in the December 2023 quarter on the back of higher revenues.

“Profit After Tax for the quarter (October-December 2023) increased by 28 per cent YoY (year-on-year) to Rs 231 crore, compared to Rs 180 crore in the corresponding period of the previous year,” a company statement said.

During the quarter, the total revenue increased 13 per cent year-on-year to Rs 2,661 crore from Rs 2,350 crore in Q3 FY23, driven by incremental contribution from renewable portfolio and strong thermal performance, largely driven by a buoyant merchant market, it added.