JSW Energy Q1FY18 Consolidated Net Profit Declines 40.5% Yoy : Misses Estimates

JSW Energy Q1FY18 Consolidated Net Profit Declines 40.5% Yoy : Misses Estimates

JSW Energy’s Q1FY18 consolidated results for the quarter registered a miss versus consensus estimates. Revenue for the quarter came in 7.3% lower than the estimated figure of Rs. 2407 crore. EBITDA for the quarter came in 14.2% lower than the estimated figure of Rs. 1013 crore. And lastly, net profit for the quarter came in 32.5% lower than the estimated figure of Rs. 321.6 crore.

JSW Energy consolidated revenue for the quarter came in at Rs. 2231 crore, registering 8.9% yoy decline.

EBITDA for the quarter fell by 22.2% yoy to Rs. 868 crore with a corresponding margin contraction of 667 bps. EBITDA margin for the quarter stood at 38.9%. This margin contraction was led by increase in fuel cost by 7.7% yoy.

The PAT for the quarter came in at Rs. 217 crore, yoy decline of 40.5%.

The Vijayanagar plant achieved an average PLF of 69% as against 74% in the corresponding quarter of the previous year.

Technical View: 

JSW Energy Ltd is currently trading at Rs. 63.60, down by 1.3 points or 2% from its previous closing of Rs. 64.90 on the BSE.
The scrip opened at Rs. 64 and has touched a high and low of Rs. 66.45 and Rs. 62.50 respectively. So far 1,28,71,287(NSE+BSE) shares were traded on the counter. Read more

 

Credit By:- IIFL

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