JSW Energy Q4FY26 Results: Record EBITDA At ₹2,250 Crore But Net Profit Falls 9%

JSW Energy posted record quarterly earnings before interest, tax, depreciation and amortisation (EBITDA) in the March quarter, driven by strong capacity additions and contributions from recent acquisitions, even as net profit declined year-on-year.

Revenue for Q4FY26 rose 41% year-on-year (YoY) to ₹4,499 crore from ₹3,189 crore. Earnings before interest, tax, depreciation and amortisation surged 87% to ₹2,250 crore from ₹1,205 crore. Net profit, however, fell 9% year-on-year to ₹372 crore from ₹408 crore.

JSW Energy shares fell over 6% to ₹522.75 on Tuesday at 12:39 PM. The stock is up 9.23% over the past twelve months and 9.03% year-to-date. The 52-week high currently sits at ₹565.

Key Q4 Numbers At A Glance

• Revenue: ₹4,499 crore, up 41% YoY.

• Earnings Before Interest, Tax, Depreciation and Amortisation: ₹2,250 crore, up 87% YoY, record high.

• Earnings Before Interest, Tax, Depreciation and Amortisation margin: 50% vs 37.8% in Q4FY25.

• Net profit: ₹372 crore, down 9% YoY from ₹408 crore.

• Power sales: 11.7 billion units, up 48% YoY.

• Installed capacity: 13.45 GW.

• FY26 capacity addition: 2,579 MW.

• Renewable share of installed base: 58%.

• Dividend: ₹2 per equity share.

What Drove The Quarter

Power sales jumped 48% year-on-year to 11.7 billion units, led by higher thermal generation and increased renewable contribution from the O2 Power portfolio and fresh capacity additions.

Installed capacity reached 13.45 GW during the quarter, with FY26 total additions at 2,579 MW. Renewable energy now accounts for nearly 58% of the company's installed base, up from a lower share a year ago.

Strategic Milestones In FY26

The company flagged several key developments during the year. The Salboni thermal project pipeline was scaled up to 3,200 MW. India's largest green hydrogen plant was commissioned. A 5 GWh battery assembly facility was operationalised. These moves form part of the company's Strategy 3.0 framework, which aims to build a diversified energy platform across thermal, renewable, green hydrogen and storage.

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What The CEO Said

Joint Managing Director and Chief Executive Officer Sharad Mahendra described FY26 as a pivotal year, saying the company translated the bold ambitions of Strategy 3.0 into tangible business outcomes.

Sources:

CNBC

NDTV