JSW Energy net drops 59% to Rs 217 cr in Jul-Sept quarter
JSW Energy reported 59 percent decline in its consolidated net profit at Rs 217.39 crore for the September quarter as against a year ago due to lower power output and higher fuel costs.
The group has posted a net profit after taxes, minority interest and share of profit of associates of Rs 217.39 crore for the quarter ended September 30, 2016 whereas the same was at Rs 533.77 crore for the quarter ended September 2015
Its earnings before interest, taxes and amortisation (EBITA) were lower due to reduced generation and realisation, coupled with higher fuel costs. EBITA stood at Rs 1,014 crore in the second quarter, compared with Rs 1,239 crore in the same period a year ago.
