09 May 2024

JSW Energy falls despite reporting 22% rise in Q4 consolidated net profit

JSW Energy is currently trading at Rs. 541.10, down by 16.05 points or 2.88% from its previous closing of Rs. 557.15 on the BSE.

The scrip opened at Rs. 567.90 and has touched a high and low of Rs. 583.00 and Rs. 533.40 respectively. So far 262392 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 651.55 on 22-Apr-2024 and a 52 week low of Rs. 240.00 on 24-May-2023.

Last one week high and low of the scrip stood at Rs. 646.45 and Rs. 533.40 respectively. The current market cap of the company is Rs. 94082.38 crore.

The promoters holding in the company stood at 69.32%, while Institutions and Non-Institutions held 22.65% and 8.03% respectively.

JSW Energy has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported over 2-fold jump in its net profit at Rs 342.22 crore for the quarter under review as compared to Rs 131.62 crore for the same quarter in the previous year. However, total income of the company decreased by 24.04% at Rs 1,289.13 crore for Q4FY24 as compared Rs 1,697.02 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 22.42% rise in its net profit at Rs 345.27 crore for fourth quarter ended March 31, 2024 as compared to Rs 282.03 crore for the same quarter in the previous year. Total income of the company increased by 2.62% at Rs 2,879.35 crore for Q4FY24 as compared Rs 2,805.72 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported 33.64% rise in net profit at Rs 950.22 crore as compared to Rs 711.02 crore for the previous year. However, total income of the company decreased by 11.29% at Rs 5,339.49 crore for year under review as compared to Rs 6,019.08 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 16.52% rise in its net profit at Rs 1,724.65 crore as compared to Rs 1,480.12 crore for the previous year. Total income of the company increased by 9.89% at Rs 11,941.34 crore for year under review as compared to Rs 10,867.05 crore for year ended March 31, 2023.