JSW Energy reported a 98% YoY surge in EBITDA for Q3 FY26, reaching ₹2,202 Crore, driven by capacity additions and strategic acquisitions. Power sales volumes increased by 65% YoY. The company commissioned India’s largest green hydrogen plant and continues to expand its renewable and thermal power capacity, targeting 30 GW of generation capacity by 2030.
Strong Financial Performance
JSW Energy announced a significant surge in financial performance for Q3 FY26, demonstrating substantial growth across key metrics:
- EBITDA increased by 98% YoY to ₹2,202 Crore.
- Reported PAT rose by 150% YoY to ₹420 Crore.
- Power sales volumes increased by 65% YoY.
Operational Highlights
Key operational achievements during the quarter include:
- Commissioning of India’s largest green hydrogen plant at Vijayanagar, with a capacity of 3,800 TPA.
- Installed capacity increased by 5.2 GW (up 64% YoY).
- Added 125 MW of organic renewable capacity.
Segment Performance
A review of segment performance reveals the following:
- Thermal segment revenue increased by ₹9,866.70 Crore for the nine months ended December 31, 2025.
- Renewables segment revenue increased to ₹4,484.24 Crore for the nine months ended December 31, 2025.
Capacity Expansion and Future Outlook
JSW Energy is actively expanding its generation capacity with a goal of reaching 30 GW by 2030. Key developments include:
- Secured supply of 1,600 MW steam turbine generators for the Salboni Thermal Project.
- Signed a second PPA with West Bengal Discom for a 1,600 MW greenfield thermal power project.
Financial Position
The company’s financial position as of December 31, 2025, includes:
- Net Debt of ₹63,771 Crore.
- Cash & Cash Equivalents of ₹7,159 Crore.
Source: BSE
