{"id":299408,"date":"2019-11-05T10:59:44","date_gmt":"2019-11-05T05:29:44","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=299408"},"modified":"2019-11-05T10:59:44","modified_gmt":"2019-11-05T05:29:44","slug":"decline-in-costs-fuel-jsw-energy-q2-earnings-muted-demand-still-a-challenge","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/decline-in-costs-fuel-jsw-energy-q2-earnings-muted-demand-still-a-challenge\/","title":{"rendered":"Decline in costs fuel JSW Energy Q2 earnings, muted demand still a challenge"},"content":{"rendered":"<p>New Delhi: JSW Energy withstood demand slowdown better, reporting a 5% expansion in operating profit for the September quarter. Net profit rose 11.7% even as customers tempered electricity purchases. The performance impressed the Street, sending the stock up 5.7% in early deals on Monday.<\/p>\n<p>Earnings got a boost from low fuel and finance costs and strong performance in the hydro division. Tracking the fall in imported coal prices, fuel costs declined 26%. The fall in fuel costs weighed on realization and revenues, which fell 13% from a year ago, but this was offset by a reduction in debt and an 11.7% fall in finance costs. Also, thanks to better availability of water, hydro power plants did well clocking superior utilization levels.<\/p>\n<p>On the face of it, the performance looks decent, especially as it comes in the backdrop of a country-wide decline in generation in the September quarter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: JSW Energy withstood demand slowdown better, reporting a 5% expansion in operating profit for the September quarter. Net profit rose 11.7% even as customers tempered electricity purchases. The performance impressed the Street, sending the stock up 5.7% in early deals on Monday. Earnings got a boost from low fuel and finance costs and strong performance in the hydro division. Tracking the fall in imported coal prices, fuel costs declined 26%. The fall in fuel costs weighed on realization and revenues, which fell 13% from a year ago, but this was offset by a reduction in debt and an [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-299408","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/299408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=299408"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/299408\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=299408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=299408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=299408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}