JSW Energy Shares Drop 8% Despite 38% Rise in Q4 Net Profit
Shares of JSW Energy fell by 8% to Rs 512 on the Bombay Stock Exchange, despite the company reporting strong financial results for the fourth quarter of fiscal year 2026. The energy firm announced a 38% year-on-year increase in consolidated net profit to Rs 574 crore and a 41% surge in revenue to Rs 4,499 crore. This growth was driven by a 48% rise in power sales volume and significant increases in both renewable and thermal energy generation. Additionally, EBITDA jumped 72% to Rs 2,602 crore. However, total expenses also rose by 48% annually due to higher fuel, employee, and finance costs. The board recommended a dividend of Rs 2 per share, with June 5 set as the record date. Although the stock has gained 15% over the past year, the immediate market reaction was negative, potentially reflecting concerns over rising operational costs or profit-taking after recent gains. The company maintains a strong liquidity position with cash equivalents of Rs 10,013 crore, though its net debt-to-equity ratio stands at 2.1x.
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JSW Energy Shares Drop 8% Despite 38% Rise in Q4 Net Profit
Shares of JSW Energy fell by 8% to Rs 512 on the Bombay Stock Exchange, despite the company reporting strong financial results for the fourth quarter of fiscal year 2026. The energy firm announced a 38% year-on-year increase in consolidated net profit to Rs 574 crore and a 41% surge in revenue to Rs 4,499 crore. This growth was driven by a 48% rise in power sales volume and significant increases in both renewable and thermal energy generation. Additionally, EBITDA jumped 72% to Rs 2,602 crore. However, total expenses also rose by 48% annually due to higher fuel, employee, and finance costs. The board recommended a dividend of Rs 2 per share, with June 5 set as the record date. Although the stock has gained 15% over the past year, the immediate market reaction was negative, potentially reflecting concerns over rising operational costs or profit-taking after recent gains. The company maintains a strong liquidity position with cash equivalents of Rs 10,013 crore, though its net debt-to-equity ratio stands at 2.1x.
Economic Times