JSW Energy Q4 net profit at Rs 272.05 crore
Industrialist Sajjan Jindal-led JSW Energy has posted a consolidated net profit of ₹272.05 crore for the fourth quarter ended March 31, a 68.5% fall from ₹864.35 crore posted in the year-ago period. Despite the decline, the company’s net profit for the reporting quarter surpassed market estimates of ₹171 crore.
The firm had recorded a one-time gain of ₹492 crore in the fourth quarter of last year due to a hydropower regulatory adjustment. This had resulted in a net profit of ₹864 crore, and hence the figures are not strictly comparable, the company said in a statement.
During the quarter under review, the consolidated revenue from operations rose 9.39% to ₹2,669.97 crore from ₹2,440.68 crore recorded in the previous year-ago period.
