INSUBCONTINENT EXCLUSIVE:
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.
