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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