Electric Utilities company JSW Energy announced Q4FY23 & FY23 results: Q4FY23: During Q4FY23, total revenue increased by 6% YoY to Rs 2,806 crore from Rs 2,655 crore YoY, due to higher generation and an increase in renewable capacity Adjusted EBITDA at Rs 881 crore was 7% higher YoY vs Rs 821 crore in Q4FY22 Finance costs during Q4FY23 increased to Rs 233 crore vs Rs 170 crore in Q4FY22 due to additional borrowings (for ongoing growth capex) and an increase in weighted average cost of debt (excl. Mytrah) to 8.36% with the rising rates cycle. Adjusted Profit After Tax (PAT) stood at Rs 272 crore, which is lower YoY compared to a PAT of Rs 372 crore in Q4FY22 Cash PAT during Q4FY23 stood strong at Rs 587 crore FY23: During FY23, total revenue increased by 24% YoY to Rs 10,867 crore from Rs 8,736 crore YoY, due to higher realisation (as higher fuel costs are passed through in nature for LT PPAs) and an increase in renewable capacity. Adjusted EBITDA at Rs 3,817 crore was 8% higher YoY vs Rs 3,542 crore in FY22 Finance costs during FY23 increased to Rs 844 crore vs Rs 777 crore in FY22 due to additional borrowings (for ongoing growth capex) and an increase in the weighted average cost of debt with the rising rates cycle. Adjusted Profit After Tax (PAT) stood at Rs 1,358 crore up 15% YoY vs Rs 1,180 crore in FY22. Cash PAT at Rs 2,570 crore was up by 7% YoY vs Rs 2,395 crore in FY22 The Board recommended a dividend of Rs 2 per share subject to approval of the shareholders Liquidity continues to be strong with Cash balances at Rs 4,627 crore as of Mar 31, 2023 Result PDF