JSW Energy reported robust Q3 FY26 results, with EBITDA soaring 98% YoY and PAT jumping 150% YoY. The strong performance was driven by capacity additions and contributions from recent acquisitions. Power sales volumes increased by 65% YoY. The company commissioned India’s largest green hydrogen plant and remains committed to its 2030 goals of 30 GW generation capacity.
Financial Performance Highlights
JSW Energy’s Q3 FY26 financial performance showcased substantial growth:
- EBITDA increased by 98% YoY to ₹2,202 Crore, fueled by contributions from acquired assets like Mahanadi and O2 Power.
- Reported PAT surged by 150% YoY to ₹420 Crore.
Operational Highlights
Key operational achievements during the quarter include:
- Installed capacity increased by 5.2 GW (up 64% YoY).
- Power sales increased by 65% YoY.
- Commissioned India’s largest Green Hydrogen plant at Vijayanagar.
Segmental Performance
Revenue from Thermal segment was ₹3,004.09 crore, while the Renewables segment contributed ₹1,066.84 crore.
Key Updates
The company has signed a 25-year Power Purchase Agreement with Karnataka DISCOMs for 400 MW supply from the Utkal Thermal Plant, starting April 1, 2026.
Net Debt
As of December 31, 2025, Net Debt increased to ₹63,771 Crore, resulting in a Net Debt to Equity ratio of 2.2x. Excluding CWIP debt, Net Debt to EBITDA stood at 4.9x.
Source: BSE
