JSW Energy shares trading 4% higher after earnings: All Q4 details you need to know

JSW Energy shares gain almost 4% on Friday, March 16, after the firm reported a 16% increase in its consolidated net profit to ₹408 crore in the March quarter compared to a year ago, aided by contributions from the KSK Mahanadi thermal project and organic wind capacity additions.

Shares of JSW Energy were trading at ₹505.9 apiece, rising 3.8% on the National Stock Exchange.

Here are the key details from Q4 earnings:

1. Profit after tax increased 16% year-on-year (YoY) from ₹351 crore in Q4 FY24 (January-March 2024) to ₹408 crore in Q4 FY25, while cash PAT (profit after tax or net profit) grew by 8% from ₹686 crore in Q4 FY24 to ₹744 crore in Q4 FY25.

2. During the reporting quarter, total revenue increased by 21% YoY to ₹3,497 crore from ₹2,879 crore, driven by contributions from the 1,800-MW KSK Mahanadi thermal power plant and organic wind capacity additions.

3. Finance costs during the quarter increased to ₹675 crore vis-à-vis ₹533 crore in Q4 FY24 due to additional borrowings for ongoing capital expenditure and acquisitions, along with a slight increase in the weighted average cost of debt to 9.05% vs 8.64% in Q4 FY24.

4. The PAT (net profit) increased by 13% YoY to ₹1,951 crore (in the fiscal) as compared to ₹1,723 crore recorded in FY24.

5. EBITDA (earnings before interest, taxes, depreciation and amortisation) for the year grew by 5% YoY to ₹6,115 crore due to RE capacity additions and contributions from the Utkal and KSK thermal plants.

6. For the full fiscal year ending March 2025, total revenue increased 6% YoY to ₹12,639 crore from ₹11,941 crore in FY24.

7. The company's board has recommended a dividend of ₹2 per equity share of ₹10 each. The board also approved raising of funds up to ₹10,000 crore in one or more tranches through issuance of securities by way of private offerings and/or on a preferential allotment basis and/or qualified institutions placement.

8. During the quarter, net generation stood at 7,912 million units (MUs), up 24% YoY, driven by wind capacity additions as well as contributions from the 1,800-MW KSK Mahanadi and Utkal power plants.

9. Total generation under a long-term PPA (power purchase agreement) in Q4 FY25 increased by 28%, driven by wind capacity additions, contributions from the 1,800 MW KSK Mahanadi, and a tie-up at the Vijayanagar thermal power plant.

Short-term thermal sales at 1,017 MUs were marginally up as the higher generation at Utkal was offset by lower merchant volume at the Vijayanagar thermal plant, as the plant gets fully tied up.

10. The board also approved the appointment of Aditya Agarwal as COO – Renewable, with effect from June 16, 2025.