JSW Energy

For Q3FY16, the company earned a net profit of Rs.321 crore, down 16% (YoY) and this was mainly on account of higher interest and depreciation charges and higher provision for taxes. Total income for the quarter was up 11% at Rs.2649 crore and this driven by generation from hydro assets. EBITDA was up 20% at Rs.1218 crore and this was thanks to lower fuel cost and additional generation from hydro assets despite provision for truing-up impact of Barmar power project.

The company benefitted due to the falling crude price – its fuel cost came down 11%. The net power generation from its various locations for the quarter was at 6052 million units v/s 5366 million units in previous Q3. The thermal project achieved an average PLF of 90% v/s 87% (YoY) and hydro projects achieved PLF of 24%, given the impact of seasonality and availability of water.

Its consolidated net debt currently stands at 15,506 crore. The company’s interest outgo for the quarter has risen by a whopping 60% at Rs.450 crore.