ICICI Securities believes most of the JSE Energy's new assets are value accretive; however, funding of these projects would require equity raising at holdco or SPV level
JSW Energy’s locked-in generation capacity zoomed 2.3 times (vs March-24) to ~30 GW as of April 2025.
(Representative image. Source: JSW Energy website)
JSW Energy reported good set of result in Q4 FY25 – revenue at Rs 32 billion (+16% YoY), Ebitda of Rs 12 billion (+3% YoY) and PAT of Rs 4.1 billion (+16% YoY). Lower realisation in short-term market continues to impact; however, KSK Mahanadi aided Ebitda by Rs 2 billion in Q4 FY25.