JSW Energy reported a robust Q2 FY26 performance, with EBITDA surging 67% to ₹3,180 Crore, primarily fueled by new organic capacity additions and the integration of Mahanadi and O2 Power. Installed capacity increased by 5.5 GW, up 71% year-over-year. While reported PAT declined, cash PAT increased by 27%. The company is on track to achieve 30 GW of generation capacity and 40 GWh of storage by 2030.
Financial Performance Highlights
In Q2 FY26, JSW Energy demonstrated strong financial results, notably:
- EBITDA increased significantly by 67% YoY, reaching ₹3,180 Crore. This growth stemmed from increased renewable capacity and the contributions of Mahanadi and O2 Power.
- While reported PAT decreased by 17% YoY to ₹705 Cr, cash PAT experienced a substantial increase of 27% YoY, totaling ₹1,512 Cr.
- The company’s annual cash PAT generation reached ₹4,341 Cr, delivering cash returns on adjusted net worth at 20%.
Operational Achievements
Key operational highlights for the reported quarter include:
- Installed capacity expanded significantly by 5.5 GW (up 71% YoY), boosting overall generation by 52% YoY.
- A total of 443 MW of organic renewable capacity was added, bringing the total installed capacity to 13,211 MW.
- Net generation rose by 52% YoY, from 9.8 BUs to 14.9 BUs.
Segment Performance
Significant contributions were observed from various operational segments:
- Thermal generation grew by 62% YoY to reach 7.8 BUs, bolstered by the Mahanadi Plant and Utkal Unit-II.
- Renewable energy generation grew by 42% YoY to 7.1 BUs, supported by 3.3 GW of capacity additions.
- Net long-term PPA generation saw an increase of 56% YoY, reaching 13.4 BUs.
Strategic Developments
JSW Energy has also focused on enhancing its infrastructure and resource security:
- The strategic acquisition of KSK Water Infrastructure has been completed, ensuring long-term water resource security for the Mahanadi plant.
- The company has entered into a Scheme of arrangement with GE Power India to acquire its boiler manufacturing business.
Source: BSE