JSW Energy posted more than 20 percent growth in revenue during the third quarter

New Delhi. JSW (Jindal South West) Energy presented its report for its third quarter to the stock exchanges this afternoon. In its report, JSW Energy said that the company reported a more than two-fold increase in its consolidated net profit for the quarter December 2021, earning a consolidated net profit of Rs 324 crore. The company said that the company’s consolidated net profit stood at Rs 124 crore in the year-ago quarter. In this way the company has registered two and a half times increase in profit.

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The total revenue of the company has also increased during this period. The company earned Rs 1,984 crore in the third quarter ended December of this year as against a revenue of Rs 1,659 crore in the previous year quarter. Thus, there has been a 20% increase in revenue for that year as compared to the year-ago quarter. The company has stated that these growth has been mainly due to increase in short-term sales and realizations.

The company has reported that EBITDA for the third quarter of this year has increased by 35% YoY to Rs.882 crore as compared to Rs.655 crore in the corresponding period of last year.

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As a result of this promising quarterly report, the share price of JSW Energy saw significant gains today. Shares of JSW Energy rose 2.73% or Rs 8.30 to Rs 312 on NSE (National Stock Exchange) in today’s closing. On the same lines, the shares of JSW Energy rose 2.68% or Rs 8.15 to Rs 311.95 on the BSE (Bombay Stock Exchange).

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