JSW Energy Reports Strong Financial Performance for FY24, Achieving Record EBITDA of ₹5,837 Crore

JSW Energy Limited unveiled its quarterly and annual financial results today, showcasing robust performance for the quarter , and the full fiscal year FY24.

In FY24, JSW Energy achieved its highest-ever EBITDA of ₹5,837 Crore, marking a significant milestone in its growth trajectory. The company made substantial progress towards its goal of reaching 20 GW by FY2030 by securing additional Renewable Energy (RE) projects with a cumulative capacity of 3.4 GW.

Key highlights and recent developments include:

• Strong Financial Performance: EBITDA for FY24 surged by 53% year-on-year (YoY) to ₹5,837 Crore, with Profit After Tax (PAT) growing by 17% YoY to ₹1,723 Crore.
• Successful Capital Raise: JSW Energy raised ₹5,000 Crore of equity growth capital through Qualified Institutional Placement, witnessing strong subscription from global and domestic investors.
• Capacity Expansion: The company added greenfield capacity of 681 MW during the year and commissioned Ind-Barath Unit 1 (350 MW), achieving one of the fastest revivals of a stalled thermal power plant in India.
• Diversification into Energy Products and Services: JSW Energy ventured into energy products and services, signing agreements for India’s largest Battery Energy Storage System (BESS) project and exploring opportunities in green hydrogen production and equipment manufacturing.

Operational and financial performance for Q4 FY24 and FY24 (Consolidated) includes:

• Operational Highlights: Total Net Generation for Q4 FY24 increased by 26% YoY to 6.4 BUs, driven by contributions from acquired and greenfield RE capacity additions and higher thermal generation.
• Financial Performance: EBITDA for Q4 FY24 surged by 47% YoY to ₹1,292 Crore, resulting in a 29% YoY increase in PAT to ₹351 Crore.

JSW Energy’s strong pipeline is fueling its growth, with significant achievements in generation projects and energy products and services. The company is actively expanding its renewable energy portfolio and exploring opportunities in green hydrogen production and equipment manufacturing.

Looking ahead, the power sector outlook remains positive, driven by rapid urbanization, government-led infrastructure investment, and strong overall economic growth projections for India. Despite challenges, JSW Energy is well-positioned to capitalize on emerging opportunities and maintain its leadership in the renewable energy sector.