JSW Energy Ltd.'s consolidated net profit rose 24.4% in the third quarter of the current fiscal, though it missed analysts' estimates.
The power producer's profit advanced to Rs 232.2 crore in the quarter ended December, in comparison with Rs 186.7 crore over the same period last year, according to an exchange filing on Wednesday. That compares with the Rs 371.2-crore consensus estimate of analysts tracked by Bloomberg.
JSW Q2 FY24 Highlights (Consolidated, YoY)
Revenue up 13.1% to Rs 2,542.8 crore (Bloomberg estimate: Rs 2,984.3 crore).
Ebitda or operating profit rose 77.7% to Rs 1,110.8 crore (Bloomberg estimate: Rs 1,316.7 crore).
Margin up at 43.68% vs 27.79% (Bloomberg estimate: 44.1%).
Net profit up 24.4% to Rs 232.2 crore versus Rs 186.7 crore (Bloomberg estimate: Rs 371.2 crore).
(This is a developing story)
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