JSW Energy Q1 Review – Miss On Account Of Higher Operating, Finance Costs: Motilal Oswal

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.

JSW Energy Ltd.’s results reflect the impact of higher operating and finance costs, leading to lower profitability.

At the consolidated level, Ebitda was down 6% YoY to Rs 7.0 billion, 7% below our estimate of Rs 7.5 billion.

JSW Energy has set its sights on improving its renewables footprint, with plans to reach a total of 10 gigawatt of installed capacity by FY25 (versus 4.5 GW currently).

Power purchase agreements have been signed for Solar Energy Corporation of India Ltd. IX (810 megawatt) and captive projects (958 MW).

However, even as we build in the successful commissioning of 2.2GW of renewable projects over the next two to three years, the current price rightly factors this in.

Click on the attachment to read the full report:

Motilal Oswal JSW Energy Q1FY22 Result Update.pdf


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.

Most Related Links :
nativenewspost Governmental News Finance News

Source link

Back to top button