JSW Energy Ltd

JSW Energy Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 534.85, up 0.32% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 23602.8. The Sensex is at 75145.21, down 0.07%. JSW Energy Ltd has dropped around 2.16% in last one month. Meanwhile, Nifty Energy index of which JSW Energy Ltd is a constituent, has dropped around 1.7% in last one month and is currently quoting at 39569.1, up 1.11% on the day. The volume in the stock stood at 11.53 lakh shares today, compared to the daily average of 44.47 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 535.75, up 0.33% on the day. JSW Energy Ltd is up 5.95% in last one year as compared to a 4.88% drop in NIFTY and a 12.23% drop in the Nifty Energy index.The PE of the stock is 106.82 based on TTM earnings ending March 26.Powered by Capital Market - Live

JSW Energy has divested 2,50,00,000 equity shares (face value Re 1 each) of JSW Steel via a bulk deal on the National Stock Exchange of India, on 18 May 2026, as part of a strategic liquidity release, realising gross proceeds of Rs 3,150 crore. The monetisation of a part of the shareholding in JSW Steel not only releases capital for pursuing Company's growth Strategy but also improves Return on Capital Employed for the Company reinforcing the Company's commitment to disciplined capital allocation and long-term value creation for shareholders. Post-transaction, the Company's balance holding is 4,50,38,350 equity shares of JSW Steel.

JSW Energy has successfully commissioned ~250 MW of renewable energy capacity (130 MW of Wind, 69.4 MW of Solar and 50 MW of Tidong Hydro Plant) since April'26. With this, the total installed capacity stands at 13.7 GW. Post‑acquisition in January'26, Tidong Unit‑I has been commissioned in a record turnaround time, underscoring the Company's strong execution capabilities and ability to seamlessly integrate acquired assets. This positions us well to capitalise on the ongoing hydro season. Further, the balance two units of Tidong Hydro Plant are expected to be commissioned by June'26. The share of renewables in the overall capacity stands at 59% constituting wind capacities & solar capacities (including hybrid component) at 3,924 MW and 2,440 MW respectively, and hydro capacity at 1,681 MW.

The significant increase in profit was largely driven by a one-time gain, through the slump sale of its subsidiary Bhushan Power and Steel steel operations to a joint venture firm, JSW JFE Steel, with the Japanese firm JFE Steel. Total revenue from operations rose 14.19% year-on-year to Rs 51,180 crore in the quarter ended 31 March 2026. Profit before tax surged to Rs 22,377 crore in Q4 FY26, compared with Rs 1,730 crore reported in the corresponding quarter last year. The company's reported EBITDA stood at Rs 8,634 crore in Q4 FY26, marking a 35% increase compared to Rs 6,378 crore in Q4 FY25. The EBITDA margin improved significantly to 19% in Q4 FY26, up from 14.5% in the same quarter last year. Consolidated production for the quarter stood at 7.49 million tonnes, down 2% YoY. Steel sales for the quarter hit a record high of 7.97 million tonnes, rising 6% YoY. Domestic sales also reached an all-time high of 7.09 million tonnes, up 6% YoY. Institutional sales volumes increased 5% YoY, while retail sales rose 3% YoY. Exports stood at 0.75 million tonnes, up 36% YoY, contributing 10% of sales from Indian operations during Q4 FY26. Indian operations production for the quarter stood at 7.34 million tonnes, down 1% YoY. Steel sales hit a record high of 7.84 million tonnes, rising 8% YoY. Blast Furnace-3 (BF-3) at Vijayanagar has remained shut since the end of September 2025 for capacity expansion, impacting crude steel production and capacity utilisation at the company's Indian operations during FY26. Capacity utilisation for the combined Indian operations stood at around 92% for the year excluding BF-3 capacity, and 87% including BF-3 capacity. During the quarter, Bhushan Power & Steel (BPSL) reported crude steel production of 0.95 million tonnes and sales volume of 1.01 million tonnes. Revenue from operations stood at Rs 6,285 crore, while adjusted EBITDA came in at Rs 1,074 crore, driven by higher sales volumes and realizations, partly offset by elevated coking coal prices. BPSL posted a profit after tax of Rs 12,244 crore for the quarter, boosted by an exceptional gain on the slump sale of its steel business to JSW JFE Steel Ltd. on March 27, 2026. During the quarter, JSW Vijayanagar Metallics (JVML), Vijayanagar reported crude steel production of 1.21 million tonnes and sales volume of 1.23 million tonnes. Revenue from operations stood at Rs 6,631 crore, while adjusted EBITDA came in at Rs 1,530 crore, driven by higher realizations partly offset by elevated coking coal prices. The company reported a profit after tax of Rs 736 crore for the quarter. JSW Steel Coated Products reported production of 1.21 million tonnes (GI/GL, Tin, CRCA and other saleable products) and sales volume of 1.25 million tonnes during the quarter. Revenue from operations stood at Rs 9,986 crore, while adjusted EBITDA came in at Rs 749 crore, supported by higher sales volumes and realizations, partly offset by higher raw material costs. The subsidiary reported a net profit of Rs 351 crore for the quarter. On its outlook, the global economy continues to operate in an environment of elevated uncertainty, driven by geopolitical developments, particularly in the Middle East, which have led to supply disruptions, higher inflationary pressures'especially in energy markets'and added pressure on interest rates. Despite these challenges, the global growth outlook remains resilient, with the IMF projecting global GDP growth at 3.1% in 2026 and 3.2% in 2027. Growth continues to be supported by buoyancy in technology investments and potential productivity gains, along with supportive fiscal policies, the impact of past rate cuts, and the temporary easing of US tariffs. Over time, reconstruction-led demand is expected to emerge once geopolitical conditions stabilise. In the US, economic growth remains supported by tax incentives, strong private investment and resilient consumer spending. However, the scope for further monetary easing is narrowing amid inflationary risks. China has maintained a stable growth trajectory, with GDP expanding by around 5% in Q1, supported by strong export performance, resilient industrial output and improving fixed asset investment. While the property sector remains weak, policy focus continues on anti-involution measures and targeted pro-growth initiatives. In the Eurozone, manufacturing activity has shown signs of improvement, even as services activity has moderated. Energy prices and associated inflation risks remain key areas of concern. Despite global headwinds, India continues to demonstrate strong growth momentum and resilience. The RBI's FY27 growth projection of 6.9% reflects robust domestic fundamentals, supported by healthy demand conditions. Economic activity strengthened in the second half of FY26, aided by GST-led reforms. The outlook is further supported by a strong central government capex pipeline, with the FY27 Budget allocating Rs 12.2 trillion towards capital expenditure, marking an 11.5% YoY increase. Higher allocations towards housing and defence are expected to provide sustained support to infrastructure and manufacturing-led growth. While the risk of a below-normal monsoon remains, strong rural indicators, robust credit growth and improving capacity utilisation support sustained economic momentum. Broad-based sectoral traction further reinforces the outlook, although prolonged supply chain disruptions and inflationary pressures stemming from the Middle East crisis remain key risks to growth. The company said on updates on projects: The Salem unit upgraded one caster in January 2026, followed by commissioning of a Ladle Furnace and Vacuum Degasser in February 2026, which raised capacity from 1.0 MTPA to 1.2 MTPA effective March 2026. At Vijayanagar, Blast Furnace-3 (3.0 to 4.5 MTPA expansion) is under testing and commissioning, while the Coke Oven project comprising four 0.75 MTPA batteries has been completed with the final battery commissioned in Q4 FY26. Dolvi Phase-III (10 to 15 MTPA) is under execution with completion targeted for September 2027. The Kadapa 1 MTPA EAF and structural mill project is in the equipment ordering stage, with commissioning expected by FY29. In Odisha, JSW Utkal's two 8 MTPA pellet plants are expected by FY28, while the 30 MTPA slurry pipeline being developed by JSW Infrastructure is targeted for FY27. The 5 MTPA Phase-I integrated steel plant is planned for FY30. The Board has approved a 5 MTPA brownfield expansion at JVML'Vijayanagar with a capex of Rs 26,000 crore, which will take total capacity to around 25 MTPA, with commissioning targeted by FY30. Consolidated capex stood at Rs 4,612 crore in Q4 FY26 and Rs 15,595 crore for FY26, with FY27 guidance of Rs 22,000'24,000 crore. Strategic developments include the demerger of the BPSL steel business into a 50:50 JV with JFE Steel for Rs 29,475 crore, resulting in net debt reduction to Rs 53,870 crore as of March 2026, with further deleveraging of Rs 7,875 crore expected by June 2026. The company also announced a 50:50 JV with POSCO to set up a 6 MTPA integrated steel plant in Odisha focused on high-grade flat steel for automotive applications. In addition, the Board approved the amalgamation of BMM Ispat (1 MTPA) at an enterprise value of around Rs 6,400 crore, expected to be completed by end-FY27, adding capacity and operational synergies. The board has recommended a dividend of Rs 7.10 per equity share of face value Rs 1 each on 244,54,53,966 equity shares for the year ended March 31, 2026, subject to approval of shareholders at the ensuing Annual General Meeting (AGM). The total dividend outgo will be Rs 1,736 crore. JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products. It is the flagship business of the diversified, US$ 23 billion JSW Group.The Group has interests in energy, infrastructure, cement, paints, sports, and venture capital. Shares of JSW Steel rose 1.74% to end at Rs 1,297.05 on the BSE.Powered by Capital Market - Live

JSW Energy announced that the 32th Annual General Meeting(AGM) of the company will be held on 9 July 2026.

Result Today: Bharat Bijlee, Berger Paints India, Bliss GVS Pharma, Borosil Renewables, Bharat Petroleum Corporation, Clean Max Enviro Energy Solutions, Cohance Lifesciences, Dixon Technologies India, Dr Reddys Laboratories, Elantas Beck India, Ethos, Gopal Snacks, Huhtamaki India, Indraprastha Medical Corporation, INOX India, Sai Silks Kalamandir, Kalpataru, KPR Mill, Sri Lotus Developers and Realty, Max Financial Services, MTAR Technologies, Nazara Technologies, Neuland Laboratories, NIIT Learning Systems, Novartis India, Park Medi World, Pfizer, Religare Enterprises, Keystone Realtors, Sagility, Seshasayee Paper and Boards, SKF India Industrial, Stove Kraft, Tata Power Company, Texmaco Rail Engineering, Thomas Cook India, Torrent Power, Ventive Hospitality, V Guard Industries and Vinati Organics. Stocks to Watch: JSW Energy reported a 38.36% jump in consolidated net profit to Rs 573.53 crore in Q4 FY26, compared with Rs 414.51 crore in Q4 FY25. Revenue from operations rose 41.04% YoY to Rs 4,498.58 crore for the quarter ended 31 March 2026. Heritage Foods reported a 36.68% decline in consolidated net profit to Rs 24.16 crore in Q4 FY26 from Rs 38.16 crore in Q4 FY25. However, revenue from operations increased 10.40% YoY to Rs 1,157.56 crore during the period under review. Satin Creditcare Network reported a 639.72% surge in consolidated net profit to Rs 162 crore in Q4 FY26, compared with Rs 21.9 crore in Q4 FY25. Total income increased 49.6% to Rs 923 crore from Rs 617 crore. Corona Remedies reported a 43.7% rise in consolidated net profit to Rs 45.3 crore in Q4 FY26, compared with Rs 31.6 crore in Q4 FY25. Revenue increased 20.2% to Rs 353 crore from Rs 294 crore. Indian Hotels Company reported a 14.8% increase in consolidated net profit to Rs 600 crore in Q4 FY26, compared with Rs 522 crore in Q4 FY25. Revenue rose 14% to Rs 2,765 crore from Rs 2,425 crore. JBM Auto reported an 11.8% rise in consolidated net profit to Rs 74.2 crore in Q4 FY26, compared with Rs 66.3 crore in Q4 FY25. Revenue increased 12.6% to Rs 1,852 crore from Rs 1,646 crore. HFCL said it has secured export orders worth Rs 184 crore for the supply of optical fiber cables to international markets. HG Infra Engineering has received a substantial Letter of Award (LoA) worth Rs 3,931 crore from Welspun Enterprises for a road project in Maharashtra. Powered by Capital Market - Live

JSW Energy has fixed 05 June 2026 as record date for the purpose of determining the members eligible to receive dividend of Rs 2 per equity share of Rs 10 as recommended by the Board and if declared by the Members.

However, revenue from operations jumped 41.04% YoY to Rs 4,498.58 crore for the quarter ended 31 March 2026. Profit before tax was at Rs 187.80 crore in Q4 FY26, down 47.93% as against Rs 360.71 crore in Q4 FY25. EBITDA increased 72% YoY to Rs 2,602 crore in Q4 FY26, primarily driven by contribution from Mahanadi and 02 Power, andorganic capacity additions. Strategic acquisitions boosted EBITDA growth as Mahanadi plant contributed Rs 943 crore to consolidated EBITDA while 02 Power contributed Rs 263 crore, during the quarter. During the quarter, power sales increased 48% year-on-year to 11.7 BUs from 7.9 BUs in the corresponding period last year. Thermal generation rose 43% YoY to 8.8 BUs from 6.2 BUs, driven by higher output from the Mahanadi Plant and Utkal. Renewable energy generation increased 68% YoY to 2.9 BUs from 1.7 BUs, supported by contributions from the 02 portfolio and organic capacity additions over the last twelve months. Net long-term PPA sales grew 25% YoY to 8.6 BUs from 6.9 BUs. Short-term thermal sales surged 201% YoY to 3.1 BUs from 1.0 BUs, driven by monetisation of backdown long-term volumes at the Mahanadi Plant through short-term markets. During the quarter, the company supplied its first BESS container from its 5 GWh battery assembly plant in Pune, further strengthening its vertical integration strategy. The company acquired Raigarh Champa Rail Infrastructure under the Insolvency and Bankruptcy Code (IBC) for Rs 1,000.1 crore, securing full operational control over critical railway infrastructure for its 3,600 MW Mahanadi thermal power plant. This complements the earlier KSK Water acquisition and helps de-risk key input dependencies across the entire capacity. The company completed the acquisition of Tidong Hydro Power from Statkraft, comprising a 150 MW under-construction hydro project in the Tidong Valley, Himachal Pradesh. Of this, 50 MW has already been commissioned on May 7, 2026, while the remaining two units are expected to be commissioned before June 2026. Post quarter, the company inaugurated a Central Command Centre, enabling real-time visibility and action-oriented insights across its operational and under-construction projects. The consolidated net worth as on 31 March 2026 stood at Rs 30,752 crore, while the net debt-to-equity ratio stood at 2.1x. Sharad Mahendra, joint managing director and CEO of JSW Energy, said, 'FY26 has been a pivotal year as the company translated the ambitions of Strategy 3.0 into tangible business outcomes. He said the company added 2.6 GW of capacity, strengthened organisational capabilities to become a fully integrated player, successfully integrated recent large acquisitions, and improved monitoring and efficiencies across projects. He added that financial performance reflects this momentum, with strong growth in EBITDA and PAT, supported by operational scale-up. Overall, he said the company remains firmly on track to deliver Strategy 3.0 within defined timelines.' The company has recommended a dividend of Rs 2 per equity share (20%) of face value Rs 10 each. JSW Energy is a private sector power producer in India and part of JSW group. It has established its presence across the value chains of power sector with diversified assets in power generation and transmission. The counter fell 2.43% to end at Rs 557.15 on the BSE. Powered by Capital Market - Live

JSW Energy announced that the Board of Directors of the Company at its meeting held on 11 May 2026, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

Net profit of JSW Energy declined 8.94% to Rs 371.57 crore in the quarter ended March 2026 as against Rs 408.05 crore during the previous quarter ended March 2025. Sales rose 41.05% to Rs 4498.58 crore in the quarter ended March 2026 as against Rs 3189.39 crore during the previous quarter ended March 2025. For the full year,net profit rose 14.78% to Rs 2239.31 crore in the year ended March 2026 as against Rs 1950.89 crore during the previous year ended March 2025. Sales rose 60.92% to Rs 18901.13 crore in the year ended March 2026 as against Rs 11745.39 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales4498.583189.39 41 18901.1311745.39 61 OPM %50.0137.77 -53.2544.45 - PBDT996.76842.57 18 5236.283868.54 35 PBT187.80360.71 -48 2051.012213.90 -7 NP371.57408.05 -9 2239.311950.89 15 Powered by Capital Market - Live