Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of JSW Energy Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,670 | 2,928 | 3,259 | 2,543 | 2,756 | 2,879 | 3,238 | 2,439 | 3,189 | 5,143 | 5,177 | 4,082 | 4,499 |
| Expenses + | 1,931 | 1,706 | 1,379 | 1,432 | 1,587 | 1,462 | 1,553 | 1,525 | 1,985 | 2,355 | 2,181 | 2,052 | 2,249 |
| Operating Profit | 739 | 1,222 | 1,880 | 1,111 | 1,169 | 1,418 | 1,685 | 914 | 1,204 | 2,789 | 2,996 | 2,030 | 2,250 |
| OPM % | 28% | 42% | 58% | 44% | 42% | 49% | 52% | 37% | 38% | 54% | 58% | 50% | 50% |
| Other Income + | 136 | 87 | 134 | 120 | 130 | 167 | 230 | 206 | 313 | 271 | 186 | 111 | 356 |
| Interest | 233 | 486 | 514 | 521 | 533 | 511 | 518 | 564 | 675 | 1,306 | 1,418 | 1,485 | 1,608 |
| Depreciation | 291 | 398 | 409 | 400 | 427 | 375 | 392 | 406 | 482 | 739 | 809 | 829 | 809 |
| Profit before tax | 351 | 426 | 1,092 | 310 | 339 | 698 | 1,005 | 150 | 361 | 1,015 | 955 | -173 | 188 |
| Tax % | 20% | 32% | 22% | 25% | -2% | 24% | 13% | -5% | -15% | 18% | 14% | -406% | -205% |
| Net Profit + | 282 | 290 | 857 | 232 | 345 | 534 | 877 | 157 | 415 | 836 | 824 | 529 | 574 |
| EPS in Rs | 1.65 | 1.76 | 5.17 | 1.41 | 2.14 | 2.99 | 4.88 | 0.96 | 2.33 | 4.25 | 4.03 | 2.40 | 2.11 |
Financials of JSW Energy Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 9,347 | 9,824 | 8,263 | 8,049 | 9,138 | 8,273 | 6,922 | 8,167 | 10,332 | 11,486 | 11,745 | 18,901 |
| Expenses + | 5,723 | 5,796 | 4,939 | 5,336 | 6,283 | 5,316 | 4,009 | 4,596 | 7,050 | 6,104 | 6,524 | 8,837 |
| Operating Profit | 3,624 | 4,029 | 3,324 | 2,713 | 2,855 | 2,957 | 2,913 | 3,572 | 3,282 | 5,382 | 5,221 | 10,064 |
| OPM % | 39% | 41% | 40% | 34% | 31% | 36% | 42% | 44% | 32% | 47% | 44% | 53% |
| Other Income + | 196 | 340 | 221 | 47 | 398 | 376 | 248 | 575 | 674 | 472 | 916 | 923 |
| Interest | 1,137 | 1,498 | 1,685 | 1,456 | 1,192 | 1,051 | 896 | 777 | 844 | 2,053 | 2,269 | 5,816 |
| Depreciation | 790 | 854 | 969 | 966 | 1,164 | 1,738 | 1,167 | 1,131 | 1,169 | 1,633 | 1,655 | 3,185 |
| Profit before tax | 1,892 | 2,017 | 892 | 338 | 897 | 544 | 1,099 | 2,238 | 1,943 | 2,167 | 2,214 | 1,986 |
| Tax % | 27% | 28% | 30% | 75% | 24% | 6% | 25% | 22% | 24% | 20% | 10% | -39% |
| Net Profit + | 1,358 | 1,460 | 623 | 85 | 684 | 1,081 | 823 | 1,743 | 1,480 | 1,725 | 1,983 | 2,762 |
| EPS in Rs | 8.23 | 8.83 | 3.84 | 0.48 | 4.24 | 6.70 | 4.84 | 10.51 | 8.99 | 10.47 | 11.16 | 12.74 |
| Dividend Payout % | 24% | 22% | 13% | 0% | 24% | 15% | 41% | 19% | 22% | 19% | 18% | 16% |
Financials of JSW Energy Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,640 | 1,627 | 1,628 | 1,640 | 1,641 | 1,642 | 1,642 | 1,640 | 1,641 | 1,641 | 1,745 | 1,756 |
| Reserves | 5,878 | 8,077 | 8,741 | 9,470 | 10,181 | 10,004 | 12,865 | 15,775 | 16,988 | 19,191 | 25,616 | 28,995 |
| Borrowings + | 9,294 | 14,862 | 14,349 | 11,883 | 10,555 | 9,840 | 8,371 | 8,943 | 25,051 | 31,573 | 50,185 | 76,946 |
| Other Liabilities + | 2,608 | 3,973 | 3,672 | 3,728 | 3,549 | 3,445 | 3,328 | 4,157 | 4,737 | 5,362 | 11,909 | 16,484 |
| Total Liabilities | 19,420 | 28,539 | 28,389 | 26,721 | 25,926 | 24,931 | 26,207 | 30,514 | 48,417 | 57,767 | 89,455 | 124,182 |
| Fixed Assets + | 13,191 | 20,298 | 19,491 | 18,877 | 17,825 | 16,713 | 15,637 | 14,831 | 25,020 | 28,946 | 54,155 | 74,578 |
| CWIP | 454 | 321 | 531 | 294 | 400 | 391 | 473 | 2,091 | 4,788 | 10,285 | 10,281 | 17,409 |
| Investments | 1,619 | 1,012 | 1,579 | 2,415 | 2,451 | 1,854 | 4,052 | 6,623 | 6,033 | 7,035 | 9,755 | 11,379 |
| Other Assets + | 4,157 | 6,908 | 6,789 | 5,135 | 5,251 | 5,974 | 6,045 | 6,970 | 12,576 | 11,501 | 15,264 | 20,815 |
| Total Assets | 19,420 | 28,539 | 28,389 | 26,721 | 25,926 | 24,931 | 26,207 | 30,514 | 48,417 | 57,767 | 89,455 | 124,182 |
Financials of JSW Energy Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3,394 | 3,538 | 3,853 | 3,934 | 2,491 | 2,082 | 3,700 | 2,952 | 2,084 | 6,234 | 3,838 | 9,898 |
| Cash from Investing Activity + | -422 | -3,272 | -762 | -215 | -55 | 301 | -1,030 | -1,387 | -6,778 | -8,197 | -22,990 | -20,271 |
| Cash from Financing Activity + | -2,327 | -1,622 | -2,595 | -3,968 | -2,523 | -1,962 | -2,515 | -781 | 7,327 | 1,675 | 20,223 | 10,617 |
| Net Cash Flow | 645 | -1,357 | 496 | -249 | -87 | 421 | 155 | 784 | 2,634 | -289 | 1,072 | 245 |
| Free Cash Flow | 3,034 | 3,503 | 3,484 | 3,815 | 2,273 | 1,989 | 3,358 | 658 | -2,152 | -1,798 | -2,868 | -213 |
| CFO/OP | 106% | 95% | 123% | 151% | 94% | 76% | 133% | 95% | 74% | 123% | 80% | 101% |
Financials of JSW Energy Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46 | 108 | 96 | 52 | 57 | 93 | 51 | 30 | 54 | 27 | 41 | 31 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 46 | 108 | 96 | 52 | 57 | 93 | 51 | 30 | 54 | 27 | 41 | 31 |
| Working Capital Days | -60 | -95 | -61 | -100 | -72 | -44 | -14 | -108 | -159 | -124 | -200 | -204 |
| ROCE % | 18% | 16% | 10% | 9% | 9% | 7% | 9% | 12% | 7% | 9% | 6% | 8% |