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Q4 FY26Power

JSW Energy Q4 FY26: Revenue ₹4,851 Cr

Q4 FY26 earnings call: what management said on revenue, margins and capex.

Price₹545
Market cap₹1.0L Cr
P/E51.2
Updated23 Aug 2026
Read5 min read

The short version

JSW Energy added 2.6 GW capacity in FY26, reaching 13.45 GW, supporting revenue growth. - Q4 FY26 revenue grew 39% YoY to ₹4,851 crores; annual EBITDA rose 72% YoY to ₹11,041 crores. - Renewable capacity additions targeted at approx. FY27 is expected as a year of accelerating earnings delivery with sizable projects commissioned in FY26 stabilizing for full-year contribution.

From JSW Energy's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • JSW Energy added 2.6 GW capacity in FY26, reaching 13.45 GW, supporting revenue growth.
  • Q4 FY26 revenue grew 39% YoY to ₹4,851 crores; annual EBITDA rose 72% YoY to ₹11,041 crores.
  • Renewable capacity additions targeted at approx. 3 GW/year through FY27 and FY28, with 35-40% wind and remainder solar/hybrid.
  • Long-term goal to achieve 30 GW capacity by FY30 with increasing contributions from renewable and thermal (including 1.8 GW KSK and partial Salboni).
  • Power demand expected to grow 5-6% CAGR long term, aiding volume growth.
  • FY27 power demand YTD up 4.6% YoY; tariffs expected to firm up.
  • Merchant sales maintain 20%+ premium over exchange prices.

2 more points from JSW Energy's call on revenue

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Profitability & Margins

See what JSW Energy said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • JSW Energy plans a ₹20,000 crore (₹200 billion) capital expenditure program.
  • Approximately ₹4,000-₹5,000 crore of Capex will be allocated to thermal projects (e.g., Salboni) and pump storage hydro projects.
  • The majority of the Capex will be directed towards renewable energy sectors including wind, solar, and battery energy storage systems (BESS).
  • Pump storage hydro projects have received forest stage one clearance, with early work, contracts awarded, and electro-mechanical orders placed; construction timeline estimated at 36 months.
  • Battery energy storage projects are under execution with signed PPAs; exploration ongoing for merchant BESS options tied to solar assets.

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Top-ranked in Power

Ranked on what management guided this quarter

Guidance-ranked
1Insolation Ener
Rev 1Mar 1
2ACME Solar Holdings Ltd
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • JSW Energy Limited plans to add roughly 2.5 GW to 3 GW of renewable capacity per annum.
  • For FY27, they expect around 3 GW of capacity addition (solar, wind, and hybrid).
  • The current order book includes allocations from Group Captive, GUVNL, SECI, and SJVN.
  • Some project executions are deliberately delayed due to grid connectivity and evacuation challenges, but these are being aligned with grid readiness to avoid penalties or curtailment losses.
  • The company is confident of meeting the 3 GW addition target for FY27 without delays.
  • Beyond FY27, renewable capacity additions will continue, targeting 30 GW by FY30.

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JSW Energy — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹6.4K Cr, net profit ₹1.1K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What JSW Energy Ltd's management said in earlier quarters

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Frequently Asked Questions

What were JSW Energy Q4 FY26 results?

JSW Energy added 2.6 GW capacity in FY26, reaching 13.45 GW, supporting revenue growth. - Q4 FY26 revenue grew 39% YoY to ₹4,851 crores; annual EBITDA rose 72% YoY to ₹11,041 crores. - Renewable capacity additions targeted at approx. FY27 is expected as a year of accelerating earnings delivery with sizable projects commissioned in FY26 stabilizing for full-year contribution.

What is JSW Energy share price analysis?

JSW Energy currently shows a neutral. The stock trades at a P/E of 51.2 with a market cap of ₹102,675 Cr. Investors should review the full earnings analysis for detailed insights.

Is JSW Energy planning capital expenditure?

JSW Energy plans a ₹20,000 crore (₹200 billion) capital expenditure program.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.