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JSW Energy Q2 profit jumps 50%; 3 gigawatt target on track

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In short

Consolidated revenue from operations reached ₹6,368.5 crore, driven by organic green energy additions and key thermal acquisitions. The power producer successfully integrated 813 MW during the quarter while securing critical transmission and equipment access for future developments. With board approval secured to raise up to ₹11,000 crore across two funding avenues, the company is positioning its balance sheet to meet ongoing FY27 commissioning milestones.

Key points

  • The power producer remains on schedule to achieve its target of adding 3 GW of capacity f…: The power producer remains on schedule to achieve its target of adding 3 GW of capacity for FY27.
  • Long-term strategic expansion plans are geared toward reaching a total operational capaci…: Long-term strategic expansion plans are geared toward reaching a total operational capacity of 30 GW by FY30.
  • A proposed ₹6,000 crore securities issuance requires regulatory clearances and a sharehol…: A proposed ₹6,000 crore securities issuance requires regulatory clearances and a shareholder vote via postal ballot.

Sources checked by our analysis pipeline: 1

Consolidated revenue from operations rose 23% to ₹6,368.5 crore from ₹5,177.4 crore in the second quarter of FY26.

Sequentially, net profit more than doubled, rising 124.3%, while revenue increased 22.3%.

During the quarter, JSW Energy added 813 MW of capacity, including 513 MW of renewable energy capacity developed organically. In the first half of FY27, total capacity additions stood at 1,686 MW, of which 1,386 MW came from organic renewable energy projects.

Read more: Hero MotoCorp Q2 Results: Profit surges 41% YoY to Rs 1,861 crore, revenue jumps 23%

The company also acquired the 300 MW Maruti Thermal Plant at an enterprise value of ₹1,410 crore. The plant has a long-term power purchase agreement for 195 MW of net capacity with Rajasthan discoms, with a residual term of 14 years. It also has 64 MW of net merchant capacity.

JSW Energy said it remained on track to achieve its FY27 capacity addition target of 3 GW, supported by projects under execution and the availability of land, transmission connectivity and equipment supplies. Its longer-term strategy envisages expanding installed capacity to 30…

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