Revenue surged 78.6% YoY to Rs 5,143 crore, while EBITDA almost doubled to Rs 2,789 crore, reflecting a 96.8% increase. The operating margin expanded to 54.2% from 49.2% a year earlier.
During the quarter, the company commissioned 1,893 MW of capacity, taking its installed base to 12,768 MW — up 70% YoY. This includes 1,343 MW from the acquisition of Mytrah Energy (now O2 Power) and 550 MW through organic renewable additions.
Total power generation rose 71% YoY to 13.5 billion units (BUs), with renewable generation contributing 5 BUs, up 54% YoY. Long-term PPA generation rose 73% to 11.8 BUs.
Sharad Mahendra, Joint MD & CEO, called the quarter an “inflexion point,” driven by disciplined investments, improved earnings quality, and capacity under long-term agreements.
Thermal generation at the Vijayanagar plant surged 124% YoY, backed by new captive PPAs. JSW Energy also signed new PPAs totalling 605 MW during the quarter and 450 MW post-quarter. One unit of the Kutehr hydro project has been synchronised, with the rest expected to be commissioned soon.The company closed the quarter with 13 GW under construction and a total locked-in capacity of 30.3 GW. It aims to reach 30 GW of generation and 40 GWh of energy storage by FY2030.Also Read: Missed CDSL’s 1,100% rally? NSDL IPO could be your second chance
JSW Energy shares target price
According to Trendlyne, the average target price for JSW Energy is Rs 588, suggesting a potential upside of 13%. Among 17 analysts tracking the stock, the consensus rating is ‘Buy’.
JSW Energy stock performance
JSW Energy shares are down 28% in the past year but have gained 76% over the last two years and soared 1,034% over the past five years. The company’s market capitalisation currently stands at Rs 91,111 crore.
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