JSW Energy Q2 profit jumps 50%; 3 gigawatt target on track

Mumbai: JSW Energy reported a 49.9% on-year increase in consolidated net profit to ₹1,056.4 crore in the second quarter of FY27, compared with ₹704.7 crore in the year-ago period.

Consolidated revenue from operations rose 23% to ₹6,368.5 crore from ₹5,177.4 crore in the second quarter of FY26.

Sequentially, net profit more than doubled, rising 124.3%, while revenue increased 22.3%.


During the quarter, JSW Energy added 813 MW of capacity, including 513 MW of renewable energy capacity developed organically. In the first half of FY27, total capacity additions stood at 1,686 MW, of which 1,386 MW came from organic renewable energy projects.

Read more: Hero MotoCorp Q2 Results: Profit surges 41% YoY to Rs 1,861 crore, revenue jumps 23%

The company also acquired the 300 MW Maruti Thermal Plant at an enterprise value of ₹1,410 crore. The plant has a long-term power purchase agreement for 195 MW of net capacity with Rajasthan discoms, with a residual term of 14 years. It also has 64 MW of net merchant capacity.

JSW Energy said it remained on track to achieve its FY27 capacity addition target of 3 GW, supported by projects under execution and the availability of land, transmission connectivity and equipment supplies. Its longer-term strategy envisages expanding installed capacity to 30 GW by FY30.

Read more: Bandhan Bank Q2 profit jumps 5.6 times as asset quality improves

The company's board on Wednesday approved two fund-raising proposals. It cleared the issuance of listed non-convertible debentures worth up to ₹5,000 crore through private placement.

Separately, the board approved raising up to ₹6,000 crore through eligible securities, subject to shareholder and regulatory approvals.

The second proposal represents the unutilised portion of a ₹10,000 crore fund-raising limit approved by shareholders in January 2026. The company will seek shareholder approval for the ₹6,000 crore fundraise through a postal ballot.