JSW Energy net profit jumps 179% to Rs 560 crore on higher revenue

In the quarter under review, revenue rose 68 per cent year-on-year (YoY) to Rs 3,115 crore from Rs 1,860 crore last year

jsw, jsw eNERGY
Net profit in the year-ago period stood at Rs 201 crore
BS Reporter
1 min read Last Updated : Jul 21 2022 | 10:53 PM IST
JSW Energy on Thursday posted a 179 per cent jump in its net profit to Rs 560 crore in the quarter ended June 30, 2022 (Q1), on the back of higher revenues. 

Net profit in the year-ago period stood at Rs 201 crore. In the quarter under review, revenue rose 68 per cent year-on-year (YoY) to Rs 3,115 crore from Rs 1,860 crore last year. 

The rise was mainly attributable to higher contribution from short-term sales, solar capacity addition at Vijayanagar and a 45 mega-watt uprating at its Karcham Wangtoo hydroelectric plant in Himachal Pradesh. Underlying finance cost during the quarter decreased by 2.5 per cent versus Rs 193 crore last year. 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :JSW EnergyQ1 results

Next Story