Electric Utilities company JSW Energy announced Q3FY24 results:
Financial Performance
- EBITDA: Increased to Rs 1,229 crore in Q3 FY24, up 69% YoY, leading to a PAT of Rs 231 crore, a 29% increase YoY.
- Cash PAT: Stood at Rs 628 crore in Q3 FY24, up by 28% YoY.
- Balance Sheet Health: Net Debt to Equity at 1.3x; Net Debt to EBITDA at 4.6x; Net Debt excluding CWIP at 3.2x.
- Cash & Cash Equivalents at Rs 2,867 crore.
Growth Projects
Ind-Barath (700 MW): Unit-1 (350 MW) successfully synchronized.
Kutehr HEP (240 MW): Tunneling work is completed and Barrage concreting is approximately 86% done.
SECI IX Wind Project (810 MW): Commissioning commenced with CoD received for 51 MW.
Acquired RE Portfolio (1,753 MW): Net Generation increased by 16% YoY.