JSW Energy has reported its third-quarter results for the financial year 2024-25 (Q3 FY 2024-25), ending on December 31, 2024. The company’s total revenue declined by 1 per cent year-over-year to Rs 26.4 billion, primarily due to lower short-term sales despite higher overall generation. The earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at Rs 11.15 billion in Q3 FY 2024-25, reflecting a 9 per cent decrease year-over-year. Profit After Tax (PAT) dropped to Rs 1.68 billion from Rs 2.31 billion in the same period last year, while Cash PAT stood at Rs 5.07 billion.
Finance costs rose to Rs 5.65 billion from Rs 521 billion in Q3 FY 2024-25, driven by project capitalisation, with the weighted average cost of debt at 8.87 per cent. The company’s consolidated net worth and net debt at the end of Q3 FY 2024-25 were Rs 271.52 billion and Rs 264.48 billion, respectively, resulting in a net debt-to-equity ratio of 1.0x and a net debt-to-EBITDA ratio of 4.5x. Receivables stood at 96 days on a DSO basis, while cash and cash equivalents remained strong at Rs 4.947 billion.
Net generation increased by 10 per cent year-over-year to 6.8 billion units, driven by wind capacity additions, incremental generation from Utkal Unit-1 (350 MW), and hydro plants. Renewable energy generation rose by 18 per cent year-over-year to 1.6 billion units, while thermal generation increased by 8 per cent to 5.1 billion units. Long-term PPA generation grew by 7 per cent to 5.6 billion units.
