JSW Energy Q4 net drops 6% to Rs 305 cr

JSW Energy’s net for the March quarter dipped six per cent to Rs 305 crore against Rs 325 crore during the corresponding quarter of the previous year due to higher interest and depreciation after the acquisition of hydro assets in Himachal Pradesh. Bloomberg had estimated the company’s fourth quarter net at Rs 308 crore.

The total income from operations rose by 22 per cent to Rs 2,681 crore, against Rs 2,190 crore, driven largely by increased generation from the thermal plants and supplemented by additional generation from the hydro plants. The company last year had acquired the 300-Mw Baspa-II and 1,091-Mw Karcham Wangtoo from the debt-ridden Jaiprakash Power Ventures Ltd in Himachal Pradesh, for Rs 9,700 crore. The company has an operational capacity of 4,531 Mw.

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