JSW Energy reported a 52% year-over-year increase in net generation for Q2 FY26, reaching 14.9 BUs. Renewable energy generation rose by 42%, driven by wind capacity additions and O2 power. Thermal generation surged by 62%, fueled by Mahanadi and Utkal Unit-II. The company added 443 MW of organic renewable capacity and total revenue increased by 55% to ₹5,361 Cr.
Financial Performance Highlights
JSW Energy’s Q2 FY26 results showcase significant growth in key areas:
- EBITDA: Increased by 67% year-over-year to ₹3,180 Cr.
- Total Revenue: Rose by 55% year-over-year to ₹5,361 Cr.
- Net Generation: Increased by 52% year-over-year.
Despite a decline in reported PAT, cash PAT for the quarter increased by 27% year-over-year to ₹1,512 Cr. The company maintains a healthy balance sheet to support future growth initiatives.
Operational Achievements
The company has made substantial progress in expanding its generation capacity:
- Added 443 MW of organic renewable capacity during the quarter, including Kutehr HEP.
- Installed capacity stands at 13.2 GW.
Strategic acquisitions and agreements are also underway:
- Completed acquisition of KSK Water Infrastructure.
- Entered into an arrangement with GE Power India for boiler manufacturing.
- Signed an agreement to acquire 150 MW Tidong HEP from Statkraft.
Renewable Energy Expansion
Renewable energy generation is a key driver of growth for JSW Energy. The company reported a 42% year-over-year increase, highlighting the success of its renewable energy initiatives. The company is committed to increase share of renewables in its overall portfolio. Further to this, the thermal capacity saw an increase of 62% YoY in generation.
Debt and Financial Stability
JSW Energy maintains a strong financial position with:
- Receivables on DSO basis at 64 days.
- Cash and Cash Equivalents at ₹6,181 Cr.
Growth Outlook and Future Initiatives
JSW Energy is strategically positioned for continued growth, focusing on expanding its renewable energy portfolio, operational efficiency, and sustainable practices. The company aims to increase its generation capacity to 30 GW by 2030, with a significant emphasis on renewable energy sources and storage solutions. A new energy storage target is set to 40 GWh by 2030.
Source: BSE