Companies

JSW Energy profit dives 48% on higher interest cost

Our Bureau Mumbai | Updated on November 25, 2017 Published on April 30, 2014

JSW Energy has posted a 48 per cent drop in net profit at ₹175 crore for the quarter ended March 31, 2014, compared with ₹336 crore logged in the same period last year, due to lower generation and higher interest cost. Total income dropped to ₹2,113 crore (₹2,363 crore).

The company achieved an average PLF (plant load factor) of 62 per cent in Q4 FY-14, and a net generation of 3,577 million units on an installed capacity of 3,140 MW.

The drop in consolidated PLF was primarily due to shut down of the Barmer plant for part of the quarter, and due to non-availability of lignite for certain units.

Interest cost for the quarter was at ₹302 crore (₹266 crore).

For the full year, the company posted a net profit of ₹755 crore (₹903 crore). Total income decreased to ₹8,908 crore from ₹9,148 crore.

The consolidated networth and debt as of March 31, 2014, were ₹6,571 crore and ₹10,106 crore, respectively.

On Wednesday, the company’s scrip closed 4.63 per cent lower at ₹53.55 on the BSE.

Published on April 30, 2014
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