{"id":336010,"date":"2020-02-05T11:26:48","date_gmt":"2020-02-05T05:56:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336010"},"modified":"2020-02-05T11:26:48","modified_gmt":"2020-02-05T05:56:48","slug":"jsw-energy-q3-net-profit-surges-175-yoy-on-lower-cost-tax-credit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jsw-energy-q3-net-profit-surges-175-yoy-on-lower-cost-tax-credit\/","title":{"rendered":"JSW Energy Q3 net profit surges 175% YoY on lower cost, tax credit"},"content":{"rendered":"<p>Mumbai: JSW Energy Ltd&#8217;s net profit jumped a whopping 175% year-on-year (YoY) to \u20b9404.31 crore in the December quarter, led by a tight leash on costs. The Sajjan Jindal-owned company also benefitted from exceptional gains of \u20b961.46 crore due to write back of a contingent liability and net deferred tax credit of \u20b9114.90 crore.<\/p>\n<p>However, the power generation company within the $14 billion JSW Group on Tuesday reported a 20% YoY fall in revenue from operations to \u20b92,016 crore during the three months ending December.<\/p>\n<p>JSW Energy also announced a debt-restructuring agreement with Jaiprakash Power Ventures Ltd (JPVL), where it has acquired about 5% equity stake in JPVL. The acquisition of equity is in addition to \u20b9120 crore that continues as loan repayable to JSW Energy by JPVL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: JSW Energy Ltd&#8217;s net profit jumped a whopping 175% year-on-year (YoY) to \u20b9404.31 crore in the December quarter, led by a tight leash on costs. The Sajjan Jindal-owned company also benefitted from exceptional gains of \u20b961.46 crore due to write back of a contingent liability and net deferred tax credit of \u20b9114.90 crore. However, the power generation company within the $14 billion JSW Group on Tuesday reported a 20% YoY fall in revenue from operations to \u20b92,016 crore during the three months ending December. JSW Energy also announced a debt-restructuring agreement with Jaiprakash Power Ventures Ltd (JPVL), where it [&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-336010","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\/336010","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=336010"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336010\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}