JSW Energy today posted a 51.9 per cent increase in consolidated net profit at Rs 325.47 crore for the quarter ended June 30, 2014.
The Sajjan Jindal-promoted company had reported a net profit of Rs 214.26 crore in the corresponding quarter last fiscal, a release said.
The company's total income grew by 3.49 per cent to Rs 2,558.32 crore in the June quarter against Rs 2,471.96 crore in Q1 FY14.
During the quarter, the company generated 5,006 million units and sold 5,606 million units.
The fuel cost for the quarter increased by 11 per cent to Rs 1,175 crore mainly due to adverse movement of the rupee-dollar exchange rates of the year-ago period, which was partially offset by a decline in the international coal prices of coal, the company said.
The Barmer plant load factor improved during the quarter while the Ratnagiri plant continued to witness low demand of power alongwith frequent back-down of units, it said.
While the company's Vijayanagar plant achieved average PLF of 98 per cent as against 102 per cent in the corresponding quarter of the previous year, Ratnagiri unit operated at 68 per cent as against 83 per cent, the release said.
The Barmer plant also achieved 92 per cent PLF as compared to 73 per cent a year-ago, it said.
On the outlook for the sector, the company said, "the power sector continues to reel under low off-take, falling tariff, increasing costs and fuel uncertainty. However, the new government appears to be focused upon addressing concerns around adequate fuel availability, power purchase agreements and thrust on T&D development which should augur well for the industry in the longer term.
