Conference Call with JSW Energy Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Electric Utilities company JSW Energy announced Q1FY24 results: Operational Highlights: Overall Net Generation: Up by 14% YoY at 6.7 BUs driven by new RE capacities (including Mytrah) and higher generation at Ratnagiri, partly offset by lower generation at Hydro assets. Net Long-Term Generation: Up by 18% YoY driven by higher generation at Ratnagiri (Unit-1) and RE capacity additions Net Renewable Generation: Up by 35% YoY at 2.3 BUs due to RE capacity additions Consolidated Financial Highlights: Q1FY24 EBITDA at Rs 1,307 crore up 18% YoY driven by contribution from Mytrah and RE capacity additions, resulting in a reported PAT of Rs 290 crore and operating cash PAT of Rs 792 crore. On a sequential basis, EBITDA and PAT increased by 48% and 7% respectively. Cash PAT during the quarter stood strong at Rs 743 crore; delivering a consistent >18% cash return on adjusted net worth Receivables (excl. Mytrah) improved 21% QoQ with DSO at 58 days; healthy collection trend sustained Robust Balance Sheet, well-positioned to pursue growth Net Debt to Equity at 1.2x and Net Debt to EBITDA (Proforma TTM) at 4.7x Cash & Cash Equivalents at Rs 2,572 crore Under Construction Project Highlights: 2.0 GW Wind projects: SECI X project under progress with part CoD received for 130 MW as of Jun'23 (~150 MW currently); WTG foundation & balance of plant works in-progress for SECI IX and Group Captive plant 240 MW Kutehr HEP: Project well ahead of timelines with ~96% tunneling completed (up from ~92.5% in FY2023) lnd-Barath TPP: Restoration works ahead of schedule, expected commissioning Result PDF