1 hour ago
Following the transaction, GQG Partners’ holding in JSW Energy was 1.8% as of the end of September 2025. Shares of JSW Energy Ltd ended at ₹452.25, down by ₹1.60, or 0.35%, on the BSE.
US-based investment firm GQG Partners on Tuesday (December 9) sold nearly a 1% stake in JSW Energy Ltd for ₹677 crore through a block deal, offloading 1.5 crore shares at an average price of ₹444 per share.
Following the transaction, GQG Partners’ holding in JSW Energy was 1.8% as of the end of September 2025.
Second Quarter Results
JSW Energy reported a 17.4% year-on-year decline in net profit for the second quarter, which stood at ₹705 crore, down from ₹853 crore in the same period last year. The company’s revenue fell 60% to ₹5,177.4 crore compared with ₹3,238 crore in Q2 of the previous year.
Also Read: JSW Energy's resolution plan for Raigarh Champa Rail approved by Committee of Creditors
Operating performance also showed a sharp decline, with EBITDA down 77.8% to ₹2,996 crore from ₹1,684.8 crore a year earlier. EBITDA margin expanded to 57.9% from 52% in the corresponding period last year.
On the consolidated financial front, EBITDA for Q2 FY26 rose 67% YoY to ₹3,180 crore, driven by organic renewable capacity additions and contributions from the Mahanadi and O2 Power projects.
Robust annual cash PAT generation (TTM) stood at approximately ₹4,341 crore, with cash returns on adjusted net worth at 20%. Receivables on a DSO basis remained healthy at 64 days, while cash and cash equivalents were around ₹6,181 crore.
As the company continues to implement growth projects, net debt stood at approximately ₹61,960 crore, with a net debt-to-equity ratio of 2.1x. Excluding capital work-in-progress, net debt to EBITDA for operational projects remained at a strong 4.8x.
Also Read: JSW Energy Finance Director Pritesh Vinay resigns after 13 years
Shares of JSW Energy Ltd ended at ₹452.25, down by ₹1.60, or 0.35%, on the BSE.
