JSW Energy’s September quarter pre-tax profit up 17% to Rs 483 crore
Sajjan Jindal-promoted JSW Energy reported a 17 per cent rise in profit before tax for the September ended quarter on the back of improved performance. While overall power demand declined 1.6 per cent in the quarter, the company is hopeful of a demand revival.
For the quarter under review, JSW Energy reported a profit before tax (PBT) of Rs 483.49 crore, 17 per cent higher from Rs 414.54 crore reported in the same quarter a year ago. These numbers do not include tax expenses and those adjustable in future tariffs.
The company has not elected for a change in its corporate tax structure so far. “We have time until March to elect one option. Given, the nature of our business we are unlikely to switch to the new rates, but we have not yet decided,” said Jyoti Kumar Agarwal, director-finance for JSW Energy.
