Coal news and updates

JSW Energy’s net up 42%, installed capacity up 70% in Q1

JSW Energy posted a 42 percent rise in its profit after tax (PAT) during April-June quarter (Q1) of 2025-26 (FY26) at Rs 743 crore as compared to Rs 522 crore during the year-ago quarter.

The company’s total installed capacity during Q1 FY26 stood at 12,768 megawatts (MW), up 70 percent over the year-ago quarter. The growth was driven by 1,343 MW from the O2 Power acquisition and 550 MW of organic renewable capacity addition. 

During the quarter, total Revenue stood at Rs 5,411 crore, up by 78 percent as compared to Rs 3,043 crore resulting into EBITDA growth of 93 percent to Rs 3,057 crore, against Rs 1,581 crore during Q1 FY25, driven by organic capacity additions and contribution from Mahanadi and O2 Power.

Strategic acquisitions fuelling EBITDA growth as Mahanadi plant contributed incremental Rs 867 crore while O2 Power (consolidated since April 9, 2025) contributed Rs 219 Crore of EBITDA during the quarter.

Finance costs during the quarter increased to Rs 1,306 crore as compared to Rs 511 crore in Q1 FY25 due to additional borrowings for ongoing capital expenditure and acquisitions. Weighted average cost of debt stood at 8.87 percent.

During the quarter, the company signed power purchase agreement (PPAs) for 605 MW (250 MW wind and 355 MW hybrid). Further, PPAs were signed for 350 MW FDRE and 100 MW solar with 100 MWh BESS post the quarter end. One unit of 80 MW at the 240 MW (3 x 80 MW) Kutehr hydro power plant has been synchronised with the grid and phase-wise synchronising and commissioning of the entire project is expected soon. The current under-construction capacity stands at 13.0 gigawatts (GW) with total locked-in capacity of 30.3 GW.