The profit after tax (PAT) was also down 5% on a sequential basis versus Rs 743 crore reported in the Q1FY26, while the topline was marginally up at 0.7% on a quarter-on-quarter basis versus Rs 5,143 crore reported in the April-June quarter of FY26.
JSW Energy reported Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increase of 67% YoY to Rs 3,180 crore, primarily driven by organic renewable capacity additions and contribution from Mahanadi and O2 Power.
For H1FY26, the EBITDA grew by 79% YoY to Rs 6,237 crore, the company filing to the exchanges said.
Also Read: Dixon Technologies Q2 Results: Cons PAT soars 72% YoY to Rs 670 crore, revenue up 29%
The PAT grew by 5% YoY in H1 FY26 to Rs 1,448 crore, while the cash PAT for the quarter increased by 27% YoY to Rs 1,512 crore, and H1FY26 Cash PAT grew by 44% YoY to Rs 3,090 crore.The company said that its balance sheet is healthy and is likely to pursue growth. The net debt-to-equity ratio stood at 2.1x.The receivables on a DSO basis stood at 64 days, while Cash & Cash Equivalents stood at Rs 6,181 crore.
A credit rating of ‘AA/Stable/A1+’ by India Ratings and ICRA was affirmed.
JSW Energy’s installed capacity stood at 13.2 GW, and it added 443 MW of organic renewable capacity during the quarter.
The company entered into a scheme of arrangement with GE Power India to acquire its boiler manufacturing business, securing a critical part of the equipment supply for growth in the thermal segment.
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)