JSW Energy Q2 FY 2025 net profit at Rs 8.53 billion, revenue up 2% YoY
Author: PPD Team Date: October 28, 2024
JSW Energy reported a consolidated net profit of Rs 8.53 billion for the quarter ended September 2024 (Q2 FY 2025), slightly up from Rs 8.5 billion in the same period last year. The company’s total revenue for Q2 FY 2025 reached Rs 34.59 billion, marking a 2% year-on-year increase.
Net generation for the quarter rose by 14% YoY to 9.8 billion units, driven by wind capacity additions and higher generation at thermal and hydro plants. Renewable energy (RE) generation increased by 14%, with wind generation up by 37% YoY and hydro generation growing by 5% YoY.
In Q2 FY 2025, JSW Energy signed an energy storage facility agreement for a 12 GWh pumped hydro storage project with Maharashtra State Electricity Distribution Co. Ltd, expected to be commissioned within 48 months.
The company also plans to commission its 3,800 tonnes per annum (tpa) green hydrogen plant, dedicated to green steel production at JSW Steel, by March 2025. Additionally, the 1 GWh battery energy storage project awarded by SECI is scheduled for commissioning by June 2025.