JSW Energy Q2 Net Profit Up 12% Even as Revenue Declines 13%

JSW Energy Q2 Net Profit Up 12% Even as Revenue Declines 13%

JSW Energy’s consolidated net profit rose 12 per cent to ₹353 crore in the second quarter of the ongoing fiscal year, boosted by reduced finance costs as the company proactively repaid debt. Revenue declined 13 per cent year on year to ₹2,232 crore, primarily due to a 26 per cent decrease in cost of fuel.

New PPA and softening global coal prices to boost JSW Energy

New PPA and softening global coal prices to boost JSW Energy

JSW Energy Ltd has won a three-year contract to supply 290 megawatts (MW) of electricity from its Vijayanagar plant in Karnataka. In May, the company had said that it was the lowest bidder for the contract. So, the latest communication does not come as a major surprise.

JSW Energy to focus only on power, back in black in Q4

JSW Energy to focus only on power, back in black in Q4

JSW Energy has decided to focus only on power and dropped all its diversification initiatives after its plan to enter the electric vehicle manufacturing business was shelved. The company scrapped its plans to invest Rs 6,500 crore over the next 3-5 years to get into electric vehicle manufacturing business,

JSW Energy logs Rs 6 cr profit in Q4

JSW Energy logs Rs 6 cr profit in Q4

JSW Energy Thursday reported a consolidated net profit of Rs 5.79 crore for March quarter 2019 mainly on account of higher revenues. In the year-ago period, the company registered a loss of Rs 480.05 crore, a JSW Energy statement said.

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