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JSW Energy total income up 34pc

Posted on Jan 23, 05:47PM | IBNS

JSW Energy Ltd., a growing energy company, on Wednesday announced its results for the quarter and nine months ended December 31, 2012.

Key highlights for Q3' FY 13 (Consolidated):

PLF at 91.34pc as against 82.30pc in the corresponding quarter of the previous year

Net generation of 4,770 million units, up 20pc over corresponding quarter of the previous year

Total Income from operations ' 2,365 crores, up 34pc over corresponding quarter of the previous year

EBITDA of ' 867 crores, up 129pc over corresponding quarter of the previous year

PAT of ' 311 crores, as against a Net loss of ' 83 crores during corresponding quarter of the previous year

Key highlights for 9 months' FY 13 (Consolidated):

PLF at 90.19pc as against 70.79pc in the corresponding period of the previous year

Net generation of 14,094 million units, up 57pc over corresponding period of the previous year

Total Income from operations ' 6,633 crores, up 64 pc over corresponding period of the previous year

EBITDA of ' 2,149 crores, up 119pc over corresponding period of the previous year

PAT of ' 568 crores, as against a net loss of ' 55 crores during corresponding period of the previous year

During the Quarter the Company sold net 110 million units banked in the previous Quarters.

The merchant sales during the quarter were 2,616 million units (54pc ) and the sales under Long Term PPA were 2,043 million units (42pc ). The Company has also generated 221 million units (4pc ) under the Conversion Agreement during the quarter.

Financial Performance (Consolidated)

During the quarter, the Company has achieved a Total Income from operations of ' 2,365 crores and EBITDA of ' 867 crores, an increase of 34pc and 129pc respectively over the corresponding quarter of the previous year.

The increase in profitability is primarily due to increase in generation, improved tariff and relatively lower fuel cost.

The Company has earned a Profit after tax of ' 311 crores during the current quarter as against Net Loss of ' 83 crores in the corresponding quarter of the previous year.

The depreciation of the Indian Rupee against the US dollar resulted in an exceptional net foreign exchange loss of ' 61 crores during the quarter.

The Consolidated net worth and consolidated debt as at December 31, 2012 was ' 6,269 crores and ' 10,158 crores respectively resulting in a debt equity ratio of 1.62 times.