Total revenue rose 78.6% YoY to ₹5,143 crore, while EBITDA nearly doubled to ₹2,789 crore, marking a 96.8% jump from the year-ago period. The operating margin expanded to 54.2% from 49.2% a year ago.
The company commissioned 1,893 MW of capacity during the quarter, taking its installed base to 12,768 MW — up 70% YoY. This includes 1,343 MW from the acquisition of Mytrah Energy (now 02 Power) and 550 MW of organic renewable additions.Net power generation during the quarter stood at 13.5 billion units, up 71% YoY, with renewable generation accounting for 5 BUs — a 54% YoY rise. Long-term PPA generation grew 73% to 11.8 BUs.
Sharad Mahendra
Joint MD & CEO, said the quarter marked an “inflection point” driven by disciplined investments, improved earnings quality, and tied-up capacity.
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Thermal capacity at the Vijayanagar plant saw a 124% YoY surge in generation due to new captive PPAs. The company also signed fresh PPAs totalling 605 MW during the quarter and 450 MW post quarter-end. One unit of the Kutehr hydro plant has been synchronised, with commissioning of the rest underway.
The company closed the quarter with 13 GW under construction and total locked-in capacity of 30.3 GW. JSW Energy aims to achieve 30 GW generation and 40 GWh storage by FY2030.
Shares of JSW Energy closed 1.66% lower at ₹517.75 on the NSE, ahead of the earnings announcement.
