JSW Energy Q2 net profit at Rs. 297 crore


JSW Energy Limited reported its results for the second quarter  ended 30th September, 2017.

During the quarter, total Income from Operations was Rs. 2,220 crore as against Rs. 2,099 crore in the corresponding quarter of the previous year, an increase of 6%,largely due to better merchant realisations and increase in other income.

Led by the above and lower effective tax rate, the Company earned a Net Profit of Rs.297 crore as against Rs. 217 crore in the corresponding quarter of the previous year.

Total Comprehensive Income of the Company for the quarter stood at Rs. 612 crore as against Rs. 398 crore in the corresponding period of the previous year.

The Board of JSWEL has approved capex budget for setting up new thermal generation capacity of 36MW for JSW Cement under long term PPA.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.