JSW Energy posts rise in volumes and earnings in Q3 FY26

JSW Energy Limited reported strong operational and financial growth for the quarter ended December 31, 2025, driven by capacity additions and recent acquisitions. Power sale volumes rose 65% year on year, while EBITDA increased 98%. Profit After Tax (PAT) surged 150% from the same period last year to Rs 420 crore.

Joint Managing Director and Chief Executive Officer (CEO) Sharad Mahendra said the performance reflected the impact of recent expansion initiatives. He pointed to the commissioning of India’s largest green hydrogen plant at Vijayanagar, with a capacity of 3,800 tonnes per annum, as a major milestone. He also said the integration of the O2 Power and KSK acquisitions had been completed successfully and was now contributing to earnings. The company reiterated its target of reaching 30 GW of generation capacity and 40 GWh of energy storage by 2030.

On the operational side, JSW Energy’s total installed capacity increased 64% year on year to 13,336 MW. This included the addition of 125 MW of organic renewable capacity during the quarter. Higher capacity led to a rise in power sales to 11.1 Billion Units (BUs), compared to 6.8 BUs in Q3 FY25.

Thermal generation recorded a 55% year on year increase, mainly due to higher output from the Mahanadi Plant and Utkal Unit II. The company said these assets played a key role in supporting overall generation growth during the quarter.

For the nine month period ended December 31, 2025, consolidated EBITDA rose 83% year on year to Rs 8,439 crore. Reported PAT for the same period increased 21% to Rs 1,868 crore.