JSW Energy Ltd (BOM:533148)
₹ 712.1 -2.5 (-0.35%) Market Cap: 1.24 Tn Enterprise Value: 1.48 Tn PE Ratio: 57.71 PB Ratio: 4.11 GF Score: 88/100

Q1 2025 JSW Energy Ltd Earnings Call Transcript

Jul 19, 2024 / 01:30PM GMT
Release Date Price: ₹704.2 (-1.19%)

Key Points

Positve
  • JSW Energy Ltd (BOM:533148) reported an 80% year-on-year increase in profit after tax, reaching INR522 crores.
  • The company achieved a strong EBITDA growth of 21% year-on-year, amounting to INR1,580 crores.
  • JSW Energy Ltd added 291 megawatts of capacity in the quarter, primarily from wind energy.
  • The company's hydro generation increased by 61% year-on-year, marking the highest generation for Q1 in the last five years.
  • JSW Energy Ltd maintains a healthy balance sheet with a net debt to EBITDA ratio of 2.2, excluding CWIP debt.
Negative
  • The company faced some teething issues during the initial commissioning of the Utkal unit one, impacting performance.
  • There was a severe landslide at the Kutehr project site, affecting project activities and causing delays.
  • The weighted average cost of debt increased marginally to 8.75% at the end of June.
  • The Vijayanagar station showed variability in PLF due to its dependence on opportunistic trading in the merchant markets.
  • The Barmer plant experienced lower PLF in Q1 due to planned outages, leading to under-recovery for the quarter.
Operator

Ladies and gentlemen, good day, and welcome to the JSW Energy Q1 FY25 earnings conference call. (Operator Instructions) Please note, that this conference is being recorded. I now hand the conference over to Mr. Abhishek Nigam from Motilal Oswal. Thank you, and over to you, sir.

Abhishek Nigam
Motilal Oswal Financial Services Ltd - Analyst

Thank you, Sagar, and good evening, everybody. On behalf of Motilal Oswal Financial Services, I welcome you all to the conference call of JSW Energy to discuss the first quarter FY25 results. We have with us the leadership team from the company, including Mr. Sharad Mahendra, Joint MD; and CEO, Mr. Pritesh Vinay, Director, Finance and CFO; and Mr. Bikash Chowdhury, Head of Investor Relations and Treasury.

And now, without any further delay, I will hand over the call to Mr. Mahendra, for opening remarks. Over to you, sir.

Sharad Mahendra
JSW Energy Ltd - Chief Executive Officer, Joint Managing Director, Whole-Time Director

Thank you, and good evening, everyone. Thank you

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