India's JSW Energy posts quarterly profit rise on strong demand

Tata Power

15/05/2025 14:31

May 15 (Reuters) - India's JSW Energy JSWE.NS posted a rise in fourth-quarter profit on Thursday, driven by strong demand amid soaring temperatures.

The company's consolidated net profit rose 16.1% to 4.08 billion rupees ($47.7 million) in the quarter, from 3.51 billion rupees in the year-ago period.

Revenue from operations rose 15.7% to 31.89 billion rupees.

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KEY CONTEXT

Power demand grew steadily in the January-to-March quarter due to rising temperatures in the country, including early heatwaves in parts of India.

India's power demand during the quarter rose 3.2% year-on-year to 414 billion units, the company said.

JSW Energy generates 8,400 megawatts (MW), with 3,508 MW from thermal, 1,391 MW from hydro, 2,826 MW from wind and 675 MW from solar.

Peer Tata Power TTPW.NS reported a fourth-quarter profit surge on strong power demand, while Torrent Power's TOPO.NS profit more than doubled due to lower costs.

 PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
JSW Energy
JSWE.NS
28.68
11.04
45.25
51.54
Buy
15
0.78
0.42
NTPC
NTPC.NS
14.37
9.11
8.12
9.33
Buy
17
0.81
2.20
Tata Power Company
TTPW.NS
NULL
12.24
11.28
15.05
Hold
21
0.95
0.50
Torrent Power
TOPO.NS
27.88
12.75
10.57
4.28
Hold
9
1.06
1.24

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JANUARY-MARCH STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 85.4590 Indian rupee

JSW ENERY JAN-MARCH https://tmsnrt.rs/4k69mHl

 (Reporting by Yagnoseni Das and Anuran Sadhu in Bengaluru; Editing by Vijay Kishore)

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