India's JSW Energy up on quarterly profit rise

JSW ENERGY

01/08/2025 05:39

** Power generator JSW Energy JSWE.NS rises as much as 3.6% to 533 rupees

** Co's Q1 profit rises 42.43% y/y , rev up 78.6% y/y

** Says, net generation up 71% y/y to 13.5 BUs

** Growth primarily due to capacity addition with acquisitions of energy supplier O2 Power, power plant Mahanadi

** Coal-based Vijayanagar plant's output up 92% after long-term tie-up with JSW Steel JSTL.NS, easing exposure to merchant market, imported coal, say analysts

** Jefferies sees capacity growth, demand rise, and stable prices as key triggers for co

** Stock is rated 'buy' on average by 16 analysts, with median PT at 596 rupees - data compiled by LSEG

** YTD, stock down ~20%

($1 = 87.2950 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))