JSW Energy reports two-fold surge in profit to Rs 320 cr in Q3

Revenue of the company stood at Rs 1,984 crore as against Rs 1,659 crore in Q3FY21. JSW said the rise was primarily due to "increase in short term sales and realisation"

JSW Energy reported a profit of Rs 320 crore for the third quarter (Q3) of the current fiscal, a more than double jump from the profit during corresponding period, last financial year. The company attributed this to higher revenue.

During Q3FY22, the revenue of the company stood at Rs 1,984 crore as against Rs 1,659 crore in Q3FY21. JSW said the increase in revenue was primarily due to “increase in short term sales and realisation”.

As a result, EBITDA for the quarter was higher by 35 per cent year-on-year at Rs 882 Crore vis-à-vis Rs 655 Crore in the corresponding