Conference Call with JSW Energy Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Power - Electric Utilities company JSW Energy announced Q1FY26 results Q1FY26 Financial Highlights: EBITDA for Q1FY26 increased 93% YoY to Rs 3,057 crore, driven by organic renewable capacity additions and contribution from Mahanadi and 02 Power. Reported PAT for Q1FY26 at Rs 743 crore grew by 42% YoY, while Cash PAT for Q1FY26 at Rs 1,579 crore grew by 65% YoY. Robust annual cash PAT generation (TTM) of Rs 4,019 crore, with cash returns on adjusted net worth at 19%. Receivables on a DSO basis stood at 58 days; Cash & Cash Equivalents stood at Rs 6,113 crore. Business Highlights: Total installed capacity at the end of Q1FY26 stands at 12,768 MW, up Rs 70% YoY - adding 1,893 MW during Q1FY26. Net generation rose 71% YoY in Q1FY26 to 13.5 BUs, driven by organic RE capacity additions, contribution from 02 Power and Mahanadi plant, and higher generation at the Vijayanagar post long-term tie-u p. RE generation during the quarter increased by 54% YoY to 5.0 Bus, driven by organic wind capacity addition and 02 power. Net long-term PPA generation grew by 73% YoY to 11.8 BUs during the quarter. Shift towards resilient thermal earnings- Incremental tied-up capacity at the Vijayanagar 860 MW thermal plant under the group captive arrangement led to 124% YoY growth in Vijayanagar LT generation to 1.3 BUs. Sharad Mahendra, Joint Managing Director & CEO, JSW Energy: "This quarter marks an inflection point for JSW Energy as our disciplined investment strategy and sustained capex have driven robust earnings growth and a significant improvement in quality of earnings, driven by a higher share of tied-up capacity. We are actively evaluating PPA tie up for our open capacity to further strengthen the cash flow visibility. We continue to exercise strong financial discipline, maintaining leverage within comfortable levels. This resilience is reaffirmed by ICRA's AA-/ Stable rating for JSW Neo underscoring the strength in our balance sheet. Looking ahead, we aim to build on this momentum with a cumulative capex of Rs 1,30,000 crore reaching 30 GW generation capacity and 40 GWh of energy storage capacity by FY30." Result PDF