JSW Energy reports a 98% YoY surge in Q3 FY26 EBITDA, reaching ₹2,202 Crore, driven by new capacity and acquisitions. Power sales volumes increased by 65% YoY. Mr. Munesh Khanna has been re-appointed as an Independent Director for a second term, effective March 26, 2026, subject to shareholder approval. Additionally, Deloitte Haskins & Sells LLP performed a limited review on the results for the quarter and nine months ended December 31, 2025.
Financial Performance Highlights
JSW Energy (the “Company”) reported a strong financial performance for Q3 FY26, with significant growth in key metrics:
- EBITDA: Increased by 98% YoY to ₹2,202 Crore, primarily due to contributions from the Mahanadi and O2 Power acquisitions.
- Power Sales Volumes: Increased by 65% YoY.
- Total Revenue: Increased by 61% YoY to ₹4,255 Crore.
- Profit After Tax (PAT): Increased by 150% to ₹420 Crore.
Operational Highlights
- Installed capacity increased by 5.2 GW, a 64% YoY increase.
- India’s largest Green Hydrogen plant commissioned at Vijayanagar, with a capacity of 3,800 TPA.
- Added 125 MW of organic renewable capacity.
Leadership Announcement
Mr. Munesh Khanna has been re-appointed as a Non-Executive, Independent Director of the Company for a second term of 5 years, effective March 26, 2026. This appointment is subject to the approval of the Members of the Company. Mr. Khanna, aged 63 years, is a Chartered Accountant and seasoned investment banker with over 3 decades of experience.
Other Key Points
- A 25-year Power Purchase Agreement signed with Karnataka DISCOMs for 400 MW supply from the Utkal Thermal Plant, starting April 1, 2026.
- Net Debt to Equity at 2.2x.
- Shareholder approval received for the preferential Issue of Equity Shares to the Promoter Group for an amount of ₹3,000 Crore.
Source: BSE
