JSW Energy's combined net earnings experienced a two-fold growth during December quarterNew Delhi: JSW Energy recorded a two-fold increase in its combined net revenue at Rs 324 crore for the December quarter of the present fiscal, led by higher revenues.
There was a 17.6 per cent boost in the business's net sales to Rs 1,893 crore in the third quarter over the corresponding period of last year.During the quarter under research study, JSW Energy's total revenue increased by 20 per cent YoY to Rs 1,984 crore from Rs 1,659 crore of the matching period of last year.
This was generally due to increase in short term sales and realisation.Owing to this, EBITDA for the quarter was higher by 35 per cent YoY at Rs 882 crore vis-a-vis Rs 655 crore in the matching period of previous year.The business continues to provide strong EBITDA since of steady cashflow from long-lasting portfolio, exceptional operations and maintenance practices, with opportunistic gains from buoyancy in the short-term markets, a statement released by JSW Energy stated.