JSW Energy on Thursday reported a consolidated net profit growth of 16% to Rs 408 crore in Q4FY25 versus Rs 351 crore reported in the year ago period. The company's revenue from operations in the March-ended quarter stood at Rs 3,189 crore, which was also up nearly 16% versus Rs 2,755 crore in the corresponding quarter of the last financial year.
The company's board approved a proposal to raise up to Rs 10,000 crore in one or more tranches by way of private offerings and/or on preferential allotment basis and/or via qualified institutions placement (QIP) mode.
The renewable power generation company also recommended a dividend of Rs 2 per equity share for the financial year 2024-25 to the shareholders of the company.
Company's cash PAT grew by 8% from Rs 686 crore in Q4FY24 to Rs 744 crore in Q4 FY25.
During the quarter ended March 31, 2025, the total revenue increased by 21% YoY to Rs 3,497 crore from Rs 2,879 crore resulting in EBITDA growth of 17% YoY from Rs 1,292 crore to Rs 1,512 crore. It was driven by contributions from the 1,800 MW KSK Mahanadi thermal power plant and organic wind capacity additions, the company's filing said.
For FY25, the total revenue increased 6% YoY to Rs 12,639 crore from Rs 11,941 crore in FY24. EBITDA for the year grew by 5% YoY to Rs 6,115 crore driven by RE capacity additions, contributions from the Utkal and KSK Thermal plants. PAT increased 13% YoY to Rs 1,951 crore as compared to Rs 1,723 crore in FY24. Meanwhile, cash PAT for the full year stood at Rs 3,399 crore and Rs 4,679 crore on a proforma basis.
Balance Sheet
The consolidated net worth and net debt as on March 31, 2025 were Rs 27,362 crore and Rs 43,962 crore respectively, resulting in a net debt to equity ratio of l.6X. Net Debt to EBITDA stood at 5.0x, with Net Debt to EBITDA (excl. CWIP) at a healthy 3.9X. Receivables in DSO terms are at a healthy level of 76 days in the quarter.
Cash and Cash Equivalent
Liquidity continues to be strong with Cash balances at Rs 5,660 crores as of March 31, 2025.
Management take
Commenting on the earnings, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said that the company has surpassed the 10 GW capacity target, marking a major milestone in its growth journey.
"Our successful completion of two large-scale acquisitions underscores our capability to execute complex, high-impact transactions. Additionally, our recent foray into greenfield thermal projects underlines our commitment to energy security. As we build on this momentum, we are excited to unveil our new growth plan, Strategy 3.0, targeting 30 GW of generation capacity by 2030 along with 40 GWh of energy storage. This Strategy 3.0 of 30 by 30 reflects our ambition to lead India's energy security with scale, speed, and sustainability," Mahendra said.
The company's board approved a proposal to raise up to Rs 10,000 crore in one or more tranches by way of private offerings and/or on preferential allotment basis and/or via qualified institutions placement (QIP) mode.
The renewable power generation company also recommended a dividend of Rs 2 per equity share for the financial year 2024-25 to the shareholders of the company.
Company's cash PAT grew by 8% from Rs 686 crore in Q4FY24 to Rs 744 crore in Q4 FY25.
During the quarter ended March 31, 2025, the total revenue increased by 21% YoY to Rs 3,497 crore from Rs 2,879 crore resulting in EBITDA growth of 17% YoY from Rs 1,292 crore to Rs 1,512 crore. It was driven by contributions from the 1,800 MW KSK Mahanadi thermal power plant and organic wind capacity additions, the company's filing said.
For FY25, the total revenue increased 6% YoY to Rs 12,639 crore from Rs 11,941 crore in FY24. EBITDA for the year grew by 5% YoY to Rs 6,115 crore driven by RE capacity additions, contributions from the Utkal and KSK Thermal plants. PAT increased 13% YoY to Rs 1,951 crore as compared to Rs 1,723 crore in FY24. Meanwhile, cash PAT for the full year stood at Rs 3,399 crore and Rs 4,679 crore on a proforma basis.
Balance Sheet
The consolidated net worth and net debt as on March 31, 2025 were Rs 27,362 crore and Rs 43,962 crore respectively, resulting in a net debt to equity ratio of l.6X. Net Debt to EBITDA stood at 5.0x, with Net Debt to EBITDA (excl. CWIP) at a healthy 3.9X. Receivables in DSO terms are at a healthy level of 76 days in the quarter.
Cash and Cash Equivalent
Liquidity continues to be strong with Cash balances at Rs 5,660 crores as of March 31, 2025.
Management take
Commenting on the earnings, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said that the company has surpassed the 10 GW capacity target, marking a major milestone in its growth journey.
"Our successful completion of two large-scale acquisitions underscores our capability to execute complex, high-impact transactions. Additionally, our recent foray into greenfield thermal projects underlines our commitment to energy security. As we build on this momentum, we are excited to unveil our new growth plan, Strategy 3.0, targeting 30 GW of generation capacity by 2030 along with 40 GWh of energy storage. This Strategy 3.0 of 30 by 30 reflects our ambition to lead India's energy security with scale, speed, and sustainability," Mahendra said.
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