Synopsis:
JSW Power Ltd reported a 101.4 % sequential bounce in web revenue and 78.5 % YoY development in income for Q1FY26, pushed by strong energy era from each thermal and renewable sources. The corporate added 1.9 GW to its put in capability and maintained sturdy operational metrics, boosting investor sentiment.
An influence era inventory rose in early commerce after reporting sturdy earnings for the June quarter, pushed by a pointy rise in era output throughout each renewable and thermal portfolios.
JSW Power Ltd which operates within the thermal and renewable power house, opened at Rs. 530 in comparison with the earlier shut of Rs. 515.05, and hit an intraday excessive of Rs. 533.90, marking an increase of three.66 %. The corporate presently has a market capitalization of Rs. 89,363 crore.
What’s the Information?
Quarter-on-Quarter, JSW Power’s income from operations grew from Rs. 3,189 crore to Rs. 5,143 crore, registering a bounce of 61.3 %. Working revenue rose 131.6 % from Rs. 1,204 crore to Rs. 2,789 crore, whereas revenue earlier than tax elevated 181.1 % from Rs. 361 crore to Rs. 1,015 crore. Internet revenue practically doubled, rising 101.4 % from Rs. 415 crore to Rs. 836 crore. Working margin for the quarter stood at 54 %.
12 months-on-12 months, income rose 78.5 % from Rs. 2,879 crore to Rs. 5,143 crore. Working revenue superior 96.6 % from Rs. 1,418 crore to Rs. 2,789 crore. Revenue earlier than tax grew by 45.5 % from Rs. 698 crore to Rs. 1,015 crore, and web revenue rose 56.6 % from Rs. 534 crore to Rs. 836 crore. The corporate’s EBITDA margin improved to 56 % from 52 % final 12 months.
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Operational Highlights
Internet era surged 71 % YoY to 13.5 billion items, pushed by capability additions within the renewable section, contributions from the O2 Energy and Mahanadi plant, and improved output from the Vijayanagar unit following long-term tie-ups. Renewable power era rose 54 % YoY to five.0 BUs, whereas thermal era jumped 83 % YoY to eight.5 BUs. Technology below long-term energy buy agreements elevated 73 % YoY to 11.8 BUs.
EBITDA for the quarter stood at Rs. 3,057 crore, marking a 93 % YoY rise resulting from contributions from new capacities, and contributions from Mahanadi and O2 Energy. Money and money equivalents stood at Rs. 6,113 crore. The web debt-to-equity ratio was 2.1x, whereas web debt to proforma steady-state EBITDA stood at 4.7x.
Whole locked-in capability has now reached round 30 GW. Put in capability rose to 12.8 GW, with 1.9 GW added through the quarter—together with 1.3 GW from the O2 Energy acquisition. One unit of the 240 MW Kutehr hydro plant was synchronised with the grid, and full commissioning is anticipated quickly. JSW Power additionally signed PPAs for 605 MW through the quarter and a further 550 MW post-quarter finish, together with battery power storage options.
In its inexperienced hydrogen and power storage ventures, trials are underway for a 3,800 TPA inexperienced hydrogen plant and complete locked-in power storage capability now standing at 29.4 GWh.
On the thermal facet, the Mahanadi plant generated 2.7 BUs through the quarter, contributing Rs. 867 crore to EBITDA. The Utkal Unit-2, commissioned in March 2025, ramped up operations and generated 370 MUs. The imported coal-based Vijayanagar plant was totally tied-up resulting in a 124 % YoY development in era to 1.3 BUs.
Concerning the Firm
JSW Power Ltd is a part of the JSW Group and operates energy era belongings throughout Karnataka, Maharashtra, Nandyal, and Salboni. It’s the group’s holding entity for its power enterprise. The corporate additionally holds a three way partnership in mining and has an affiliate engaged in turbine manufacturing.
Written By Manan Gangwar
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