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JSW Energy Q2 net profit rises 12% to Rs 353 crore

JSW Energy's total revenue during the quarter under review fell 13 per cent to Rs 2,232 crore from Rs 2,568 crore in the year-ago period mainly due to decline in fuel cost

twitter-logo PTI        Last Updated: November 1, 2019  | 18:23 IST
JSW Energy Q2 net profit rises 12% to Rs 353 crore
The company had reported a profit of Rs 316 crore in the year-ago period, a BSE filing said.

JSW Energy on Friday posted about 12 per cent rise in consolidated net profit at Rs 353 crore for the September quarter of this fiscal mainly due to lower fuel and finance cost.

The company had reported a profit of Rs 316 crore in the year-ago period, a BSE filing said.

The profit in April-September also rose to Rs 597.36 crore from Rs 545.13 crore a year ago.

Total revenue during the quarter under review fell 13 per cent to Rs 2,232 crore from Rs 2,568 crore in the year-ago period mainly due to decline in fuel cost.

The fuel cost for the quarter fell 26 per cent year-on-year to Rs 983 crore primarily due to moderation in the imported coal prices, the company said.

Finance cost declined to Rs 272 crore from Rs 308 crore in the corresponding quarter of the previous year, attributable to proactive debt repayment or prepayment.

Consolidated net worth and net debt as on September 30, 2019 were Rs 11,756 crore and Rs 9,702 crore, respectively, resulting in a net debt to equity ratio of 0.83X.

The firm is mainly into power generation business.

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