The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Ahmedabad BusinessNation

On one-off interest costs, the Q2FY22 consolidated net of JSW Energy fell 5.5%

by TLA October 30, 2021October 30, 2021
written by TLA October 30, 2021October 30, 2021
On one-off interest costs, the Q2FY22 consolidated net of JSW Energy fell 5.5%

Despite prepayment and unamortised finance costs of Rs 92 crore, Sajjan Jindal-led JSW Energy’s consolidated net profit fell 5.52% year-on-year (y-o-y) to Rs 336.62 crore.
Adjusting for an exceptional finance cost towards rupee term loan for the hydro project, the net profit for September quarter stood at Rs 414 crore against Rs 356 crore a year ago.

Business News

However JSW Energy’s total revenue in Q2FY22 grew 12% y-o-y to Rs 2237.36 crore backed by 116% y-o-y increase in short-term sales largely from the Vijaynagar plant. Total short term sales stood at 236 million units in Q2FY22 compared with 110 million units a year ago. The long-term sales during the quarter was up marginally to 6,201 million units from 6,194 million units a year ago.
Prashant Jain, joint managing director of JSW Energy told FE, that the company’s revenue and generation both were up during the quarter on strong short-term market. “We were the largest participants in the short-term market during the quarter. Majority of the contribution has come from our Vijaynagar plant, and given the demand in the short-term market the sale will likely continue in the December quarter as well,” Jain said.
While the overall generation in Q2FY22 from thermal, renewables and hydro rose 2% YoY to 6,786 million units, the thermal PLF in the July-September quarter was up at 61% from 59% a year ago, Jain said.
The overall receivables in Q2FY22 at the company level declined 19% YoY, and 7% QoQ (sequentially), Jain added
Net debt to equity as of September 30, 2021 was 0.41 times, and cash and cash equivalent was higher Rs 1,736 crore compared with Rs 811 crore a year ago.

Ahmedabad cityGujarat newsJSW EnergyLatest business newslatest news
0 comment
previous post
NHSRCL invited bids for the construction of a 21-km-long tunnel for the Mumbai-Ahmedabad Bullet Train Project
next post
In this age of SUVs, the Skoda Slavia might stand out

You may also like

New Financial Rules from June 1: EPFO, Aadhaar...

June 1, 2025

COVID-19 Cases Rise in India, Over 3,000 Active;...

June 1, 2025

Indian Tourist Attacked by Tiger in Thailand While...

May 31, 2025

Modi Government Launches ‘1600’ Number Series to Stop...

May 31, 2025

June 2025 Bank Holidays: State-Wise List and Total...

May 31, 2025

WhatsApp to Stop Working on Some Old Phones...

May 31, 2025

Facebook Sees Spike in Harmful Content as Meta...

May 31, 2025

India’s Active COVID-19 Cases Rise to 2,710; Kerala...

May 31, 2025

Karnataka Bans Hookah Bars, Raises Tobacco Buying Age...

May 31, 2025

Baba Vanga’s 2025 Predictions: These Zodiac Signs May...

May 30, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Gujarat Vidhyasahayak Recruitment for Classes 1 to 5 Cancelled, New Process Coming Soon

    June 1, 2025
  • Khushboo Kankan Flaunts Glamorous Look in Green Bikini

    June 1, 2025
  • Ahmedabad Collects ₹834.8 Crore in Property Tax with Advance Rebate scheme

    June 1, 2025
  • Adani Ports taps its Largest Ever Domestic bond – 5,000 crore 15-year NCD

    June 1, 2025
  • New Financial Rules from June 1: EPFO, Aadhaar & More Updates

    June 1, 2025
October 2021
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031 
« Sep Nov »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.