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This Article is From Nov 01, 2021

JSW Energy Q2 Review - Beneficiary Of Merchant Sales: ICICI Securities

JSW Energy Q2 Review - Beneficiary Of Merchant Sales: ICICI Securities
The JSW Steel Ltd. head office office stands at the Bandra Kurla Complex in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

JSW Energy Ltd.'s Q2 FY22 consolidated revenues, Ebitda, reported PAT came in at Rs 20.9 billion, Rs 9.3 billion, Rs 3.4 billion (+7.7%, +0.6%, -3.7% year-on-year) respectively.

Net generation was up 2% year-on-year mainly due to 4% increase in thermal generation, while hydro declined 1%.

JSWEL was able to benefit from higher exchange prices due to its low-cost thermal coal inventory and 13% untied capacity.

Short-term sales in Q2 FY22 were up 116% year-on-year at 236MUs.

Further, for the first 25 days of October 2021, JSWEL was the highest seller in the merchant power market, selling more volumes than in Q2FY22.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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