Q4 results: JSW Energy profit rises 29% to ₹351 crore, declares ₹2 per share dividend

The institution had reported a consolidated nett net of ₹272 crore successful the 4th ended connected March 31, 2023, according to a BSE filing.

"Profit aft Tax ( consolidated nett profit) accrued by a robust 29 per cent YoY (year connected year) to ₹351 Crore," it stated.

During the quarter, full gross accrued by 3 per cent YoY to ₹2,879 crore from ₹2,806 crore successful Q4 FY23, it stated.

The nett aft taxation accrued by 17 per cent YoY to ₹1,723 crore successful fiscal twelvemonth 2023-24 crore compared to ₹1,478 crore successful FY23.

For FY24, full gross accrued 10 per cent YoY to ₹11,941 crore from ₹10,867 crore successful FY23, it said.

The committee has besides recommended a dividend of ₹2 per equity stock of ₹10 (20%) to the members of the institution for declaration astatine the forthcoming 30th Annual General Meeting.

The committee besides approved the raising of funds not exceeding ₹10,000 crore successful 1 oregon much tranches, done the issuance of eligible securities of the institution by mode of backstage offerings oregon connected a preferential allotment ground oregon a qualified organization placement oregon immoderate different method oregon operation thereof.

The committee besides approved an alteration of the Main Objects of the MoA, taxable to Members’ approval, to broad-base the Objects Clause of the MoA to supply much clarity and circumstantial details encompassing the terminologies of the non-conventional / renewable vigor businesses, to notation newer areas of concern related to the vigor sector.

The alteration successful MoA is besides aimed astatine covering main objects oregon areas of concern successful which its subsidiaries are engaged oregon the caller non-conventional vigor concern to beryllium entered into similar vigor storage, renewable instrumentality similar photograph voltaic panels oregon upwind turbine generators, batteries, greenish hydrogen, artillery cell, artillery module, artillery packs for each kinds of proscription including electrical vehicles, etc.

The committee besides decided to convene the 30th Annual General Meeting of the Members of the Company connected Friday, 28th June, 2024 to consider, among different things, the raising of funds and alteration of the Objects Clause of the MoA.

During the quarter, nett powerfulness procreation stood astatine 6,397 MUs (million units), up 26 per cent YoY driven by higher publication from acquired and greenfield RE capableness additions and higher thermal generation.

Total procreation nether Long Term PPA (power acquisition agreement) successful Q4 FY24 accrued by 21 per cent YoY driven by higher procreation astatine Ratnagiri and RE capableness additions.

Short-term income surged during the 4th with beardown underlying powerfulness request maturation successful the country.

Net procreation successful FY24 accrued 27 per cent YoY to 27.9 BUs (billion units) driven by publication from RE (renewable energy) capableness summation and beardown thermal performance.

The RE procreation accrued 54 per cent YoY to 9.3 BUs successful FY24 portion Long Term procreation accrued 22 per cent YoY representing 88 per cent of the full nett generation. 

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Published: 07 May 2024, 07:10 PM IST