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Business Standard
10 hours ago
- Business
- Business Standard
JSW Energy shares gain 4% post Q1 results; should you buy, sell or hold?
Shares of JSW Energy were ruling higher on the bourses on Friday, August 1, 2025. The company's shares climbed 3.65 per cent to hit an intra-day high of ₹533.90 per share on the NSE. The northward movement in JSW Energy's share price came on the back of the company's announcement of its financial results for the first quarter of the financial year 2025-26 (Q1FY26). At around 11:21 AM on Friday, JSW Energy shares were quoted exchanging hands at ₹521.75 per share, up 1.30 per cent from its previous close of ₹515.05 per share on the NSE. A combined total of nearly 8.86 million equity shares of the company, estimated to be valued at ₹463 crore, have exchanged hands on the NSE and BSE. JSW Energy Q1FY26 results During the first quarter of FY26, JSW Energy reported a 42 per cent year-on-year (Y-o-Y) surge in its consolidated profit after tax (PAT) at ₹743 crore, against ₹522 crore reported in Q1FY25. The company's total consolidated revenue rose 78 per cent Y-o-Y to ₹5,411 crore in Q1FY26, from ₹3,043 crore reported in Q1FY25. The strong beat was driven by higher-than-estimated contributions from recently acquired assets—KSK Mahanadi (1.8 GW) and O2 Power (1.3 GW)—alongside higher generation from the fully contracted Vijayanagar coal plant. Should you buy, sell or hold JSW Energy shares? Motilal Oswal Financial Services: Buy Analysts at Motilal Oswal Financial Services have reiterated their Buy rating on the stock following a stronger-than-expected Q1 FY26 performance. Analysts highlighted that the company, in Q1FY26, commissioned 1.9 GW of capacity, which includes 1.7 GW from O2 Power and 200 MW under its renewable energy platform, JSW NEO. It has reaffirmed its FY26 capacity addition target of 3 to 4 GW, excluding the 1.3 GW from O2 Power. Capital expenditure for the quarter was ₹2,400 crore, and the company has maintained its full-year FY26 capex guidance at ₹15,000 to ₹18,000 crore. Additionally, the 240 MW Kutehr Hydro project is expected to be commissioned within the next few days. "JSW Energy remains on track to reach 30 GW of generation and 40 GWh of storage capacity by FY30, targeting a 2.7x–3x Ebitda increase over pro forma FY25 levels," wrote the analysts in a research report. JM Financial: Buy JM Financial has also maintained a Buy rating on the stock, pointing to a healthy Q1 FY26 performance. Analysts see the company's strategy shift from exposure to volatile merchant tariffs to a model focused on stable cash flows as a positive catalyst. "Company is confident of achieving 30 GW + 40 GWh storage by FY30 with change in strategy from a volatile merchant tariff to one focused on stable cash flows (87 per cent generation from LT PPA in Q1)," highlighted the analyst in its report. Despite these risks, analysts project strong financial growth between FY25 and FY30, expecting a compound annual growth rate of 26 per cent in revenue, 35 per cent in Ebitda, and 27 per cent in profit after tax. JM Financial has maintained its SOTP-based target price of ₹571, based on FY27 earnings. "At the current market price of ₹515, this implies a valuation of 13 times EV/Ebitda and 2.6 times price-to-book on FY27 estimates." About JSW Energy A part of JSW Group, JSW Energy is a private sector power producer in India. The company has established its presence across the value chains of the power sector with diversified assets in power generation and transmission. JSW Energy began commercial operations in 2000, with the commissioning of its first 2x130 MW thermal power plants at Vijayanagar, Karnataka. Since then, the company has steadily enhanced its power generation capacity from 260 MW to 10 GW ahead of its FY2025 target, ensuring diversity in geographic presence, fuel sources and power offtake arrangements. As of August 1, the power generation company has a market capitalisation of ₹90,849 crore on the NSE. The company is a constituent of the Nifty Next 50 index on the NSE.
News18
a day ago
- Business
- News18
JSW Energy profit rises over 42 pc to Rs 743 cr in Q1
Agency: PTI New Delhi, Jul 31 (PTI) JSW Energy on Thursday posted over 42 per cent rise in consolidated net profit to Rs 743 crore in the June quarter due to renewables capacity additions and contributions from O2 Power and Mahanadi plant. The company posted a net profit of Rs 522 crore in the year-ago period, a statement said. According to the statement, total revenue increased 78 per cent year-on-year to Rs 5,411 crore from Rs 3,043 crore, driven by organic capacity additions and contribution from Mahanadi and O2 Power. 'Strategic acquisitions fuelling EBITDA growth as Mahanadi plant contributed incremental, Rs 867 crore while O2 Power (consolidated since Apr 9, 2025) contributed Rs 219 crore of EBITDA during the quarter," it stated. During the quarter, the net electricity generation rose 71 per cent year-on-year to 13.5 billion units (BUs from 7.8 BUs year ago) driven by organic RE capacity additions, contribution from O2 Power and Mahanadi plant and higher generation at Vijayanagar long-term tie-up. Short-term volumes increased 58 per cent to 1.7 BUs due to shift towards domestic coal based open capacity. Short-term thermal sales at 1,630 million units (MUs) were up 63 per cent with the shift towards domestic coal-based capacity (Utkal and Mahanadi). PTI KKS TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 31, 2025, 19:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Bloomberg
03-06-2025
- Business
- Bloomberg
JSW Neo Energy Seeks $675 Million Loan for O2 Power Deal
India's JSW Neo Energy Ltd. is seeking a loan of about $675 million to back its purchase of renewable energy platform O2 Power from Sweden's EQT AB and Singapore's Temasek Holdings, according to people familiar with the matter. Deutsche Bank AG and Mitsubishi UFJ Financial Group are the mandated lead arrangers and bookrunners of the five-year deal, said the people, who asked not to be identified discussing private matters. The loan is being syndicated to the broader market, they added, with investor meetings taking place in Dubai, Singapore and Taipei this week.
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Business Standard
20-05-2025
- Business
- Business Standard
JSW Energy to invest ₹14k cr to expand RE capacity of O2 Power
JSW Energy is planning to invest approximately ₹14,000 crore to scale up the renewable energy capacity of its newly acquired entity, O2 Power, to 4.7 gigawatts (GW) by 2027, senior company executives said. In addition, the firm aims to allocate up to ₹18,000 crore in FY26 to complete existing projects and support new growth initiatives. The company's subsidiary, JSW Neo Energy Ltd, has acquired O2 Power's 4,696 MW renewable energy portfolio from O2 Power Pooling Pte Ltd for an enterprise value of ₹12,468 crore. Of the total, 2,259 MW will be operational by June 2025, 1,463 MW is under construction, and 974 MW is in the pipeline, the company said. At present, O2 Power's installed capacity stands at 1.3 GW. JSW Energy plans to increase this to 4.7 GW by June 2027, backed by a capital outlay of ₹13,000–14,000 crore, Joint Managing Director Sharad Mahendra said during an analyst call. For FY25, the capital expenditure stood at about ₹8,000 crore—lower than the guidance of ₹15,000 crore. 'Because of certain delays in some of the ongoing projects and because we were accelerating the inorganic growth pipeline, we calibrated it down,' the CFO said. JSW Energy is currently building 11.3 GW of generation capacity, all secured under long-term Power Purchase Agreements (PPAs), Mahendra added. This includes 9.7 GW of renewable energy and a 1.6 GW ultra-supercritical thermal power project at Salboni, marking the company's return to greenfield thermal investments after more than a decade. 'Beyond this, we have a robust project pipeline of approximately 4.9 GW, where Letters of Intent or Letters of Award have been secured and PPAs are yet to be signed,' Mahendra said.
Time of India
20-05-2025
- Business
- Time of India
JSW Energy to invest ₹14,000 cr to expand renewable energy capacity of Oxygen Power
JSW Energy would invest around ₹14,000 crore to expand renewable energy capacity of recently acquired O2 Power to 4.7 gigawatt (GW) by 2027, and in FY26 it looks to spend up to ₹18,000 crore to complete ongoing projects, senior company officials said. Its arm JSW Neo Energy Ltd (JSW Neo) has acquired 4,696 MW renewable energy platform of O2 Power Pooling Pte Ltd (O2 Power) for an enterprise value of ₹12,468 crore. Of the total, 2,259 MW will be operational by June 2025, while 1,463 MW is under construction, and an additional 974 MW are in the pipeline, the company had said. The current installed capacity of O2 Power is 1.3 GW and JSW Energy expects to increase it to 4.7 GW by June 2027 by undertaking capital expenditure of ₹13,000-14,000 crore, JSW Energy Joint MD Sharad Mahendra said in an analyst call. On the capex plan for FY26, Pritesh Vinay, company's Director (Finance) and CFO said the company is expecting to spend ₹15,000-18,000 crore to complete the ongoing projects plus the pipeline of new growth projects that have started. For FY25, it was about ₹8,000 crore as against guidance of ₹15,000 capex. "Because of certain delays in some of the ongoing projects and because we were accelerating the inorganic growth pipeline, we calibrated it down," the CFO said. Joint MD Mahendra said JSW Energy is constructing 11.3 GW of generation projects, all of which are fully tied up under long-term Power Purchase Agreements . The under-construction portfolio includes 9.7 GW of renewable energy projects and 1.6 GW Salboni ultra-supercritical thermal power project which marks the company's investment in greenfield thermal after more than a decade, he said. "Beyond this we have a robust project pipeline of approximately 4.9 GW of projects where Letters of Intent or Letters of Award have been secured and PPAs are yet to be signed." On KSK Mahanadi , he said currently 1,800 MW is operational which is 95 per cent tied up under PPAs and has fuel supply agreements. "We are currently integrating operations with JSW Energy and implementing comprehensive plan to bring cost efficiencies," he added. JSW Energy had acquired the 3,600 MW thermal asset through NCLT proceedings for a total resolution amount of ₹16,084 crore.
