JSW Energy Q3 Results: Net profit drops 32% to Rs 157 crore; company to raise Rs 3,000 cr via bonds
JSW Energy on Tuesday reported a 32% drop in consolidated profit at Rs 157 crore against Rs 232 Crore in the same period last year.
Total revenue during the quarter decreased by 1% year-on-year to Rs 2,640 crore from Rs 2,661 Crore in the corresponding period last year.
The company's board also approved the raising of long-term funds up to Rs 3,000 crores through the issuance of rated and listed Non-Convertible Debentures on a private placement basis, it said in a regulatory filing.
EBITDA came in at Rs 1,115 crore in the quarter, lower by 9% primarily due to lower short-term sales contribution, despite higher overall generation, the company said.
It has also re-appointed Rajiv Sharma as an independent director of the company for a second term of five consecutive years with effect from 24 March 2025,
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