Home » JSW Energy posts 51% rise in net

JSW Energy posts 51% rise in net

Power & New and Renewable Energy
August 1, 2014August 1, 2014
JSW Energy posts 51% rise in net
Shares

JSW Energy reported a 51 per cent increase in its net profit for the quarter ended 30 June. The net profit figure stood at Rs 325 crore compared to Rs 214 crore reported in the same quarter of the previous year. The company has attributed the increase in income mainly to merchant sales of power and tariff revision. Operating profit (EBITDA) jumped 31 percent sequentially to Rs 906 crore and margin expanded 180 basis points to 35.4 per cent in the quarter gone by. Tax expenses shot up to Rs 124.8 crore from Rs 64.33 crore, Q-o-Q.

Leave a Reply