Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q2 FY25 Earnings Presentation
71 slides from Jsw Energy's earnings presentation, Oct 24, 2024
Slide 1: Exchange cover letter for results presentation
Energy Limited Regd. Office : JSW Centre Bandra Kurla Complex Bandra (East), Mumbai - 400 051 CIN: L74999MH1994PLC077041 Phone: 022 – 4286 1000 Fax: 022 – 4286 3000 Website: www.jsw.in SEC / JSWEL 24th October, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers “Exch
Slide 2: Q2 FY25 Results Presentation
Q2 FY25 Results Presentation October 24, 2024
Slide 3: Forward Looking and Cautionary Statement
Forward Looking and Cautionary Statement This presentation has been prepared by JSW Energy Limited (the “Company”) based upon information available in the public domain solely for information purposes without regard to any specific objectives, financial situations or informational needs of any parti
Slide 4: Agenda
Agenda Q2 FY25 Highlights Operational & Financial Performance Segment Wise Performance Safety & Sustainability Business Environment Appendix Vijayanagar Solar Power Plant JSW Energy Q2 FY25 Results Presentation 3
Slide 5: Q2 FY25 Highlights (1/3)
Q2 FY25 Highlights (1/3) • Net Generation: Up by 14% YoY at 9.8 BUs driven by wind capacity additions, higher generation at thermal and hydro plants • Total RE generation is up by 14% YoY at 5.0 BUs driven by 37% YoY increase in wind generation and 5% YoY Operational increase in hydro generation; To
Slide 6: Q2 FY25 Highlights (2/3)
Q2 FY25 Highlights (2/3) • Reported EBITDA declined by 5% YoY to ₹ 1,907 Cr while underlying EBITDA increased 4% YoY primarily on account of higher generation • PAT and Cash PAT were marginally up YoY at ₹853 Cr and ₹1,190 Cr, respectively Consolidated • Best in class Balance Sheet: Net Debt to Equi
Slide 7: Q2 FY25 Highlights (3/3)
Q2 FY25 Highlights (3/3) Generation: Total locked-in capacity of 19.2 GW • 204 MW of wind capacity commissioned during the quarter; 495 MW capacity added in YTD FY25 • Commissioning of 440 MW of 454 MW SECI X Wind Project • Won RE bids to install 3.7 GW taking the total locked-in generation capacity
Slide 8: Operational & Financial Performance
Operational & Financial Performance Sholtu Hydro Plant
Slide 9: Consolidated Performance
Consolidated Performance Net Generation (MUs) Total Revenue (₹ Cr) Operational Highlights 16% 2% • Net Generation: Up by 14% YoY at 9.8 BUs driven 2% 14% by wind capacity additions, higher generation at 17,721 6,401 6,502 9,840 15,336 3,387 3,459 thermal and hydro plants. LT PPA generation is up 8,6
Slide 10: EBITDA Bridge
EBITDA Bridge Q2 FY25 Particulars in ₹ Cr Thermal Renewables 2,008 174 * ST Thermal Hydro Impact of ₹ 61 Cr Underlying EBITDA increased 4% YoY JSW Energy Q2 FY25 Results Presentation * Hydro true up impact in Q2 FY24 9
Slide 11: Consolidated Financial Results
Consolidated Financial Results H1 FY25 H1 FY24 Particulars in ₹ Crore Q2 FY25 Q2 FY24 6,502 6,401 Total Revenue 3,459 3,387 3,488 3,316 EBITDA 1,907 2,008 54% 52% EBITDA Margin(%) 55% 59% 767 807 Depreciation 392 409 1029 999 Finance Cost 518 514 1,691 1,510 Profit Before Tax 997 1,086 1,375 1,140 P
Slide 12: Net Debt Movement
Net Debt Movement Particulars in ₹ Cr Capital Work- in-Progress (CWIP) Operational Projects 1,527 18 324 85 399 24,875 23,339 10,175 11,706 ND/EBITDA# 13,164 13,169 (excl. CWIP) at 2.2x Net Debt as on New Debt Taken Forex Repayment Movement in Change in Cash Net Debt as on Jun 30,2024 restatement sh
Slide 13: Generation Capacity - Locked-in 19 GW
Generation Capacity - Locked-in 19 GW Generation (MW) Installed Capacity to Double 2.1 GW to be PPAs signed 19 GW commissioned by FY2025 10 GW Strategy 2.0 – Generation Capacity 20 GW & Energy Storage of 40 GWh before 2030 JSW Energy Q2 FY25 Results Presentation ^ Pipeline: Projects where LoA/LoI is
Slide 14: Exclusively Renewable Project Pipeline
Exclusively Renewable Project Pipeline PPA Signed Letter of Award/Intent Received (PPA to be Signed) Project Contracted (MW) Installed (MW) Project Contracted (MW) Installed (MW) SJVN 700 700 SECI XV (Solar +ESS) 500 500 SECI XIII 700 700 Group Captive 60 60 NTPC 700 700 Total Solar 560 560 GUVNL 30
Slide 15: Energy Storage - Locked in 16.2 GWh
Energy Storage - Locked in 16.2 GWh BESS Plant to be PSP for MSEDCL to commissioned by be commissioned in June 2025 48 months 48 Months 40 Target 40 GWh by 2030 Strategy 2.0 – Generation Capacity 20 GW & Energy Storage of 40 GWh before 2030 JSW Energy Q2 FY25 Results Presentation 14
Slide 16: Superior Financial Risk Profile
Superior Financial Risk Profile Net Debt (₹ Cr) Net Worth (₹ Cr)* & Cash Returns (%) 26,286 26,636 27,970 24,260 23,339 24,875 26,929 22,904 20,976 20,832 19,111 19,877 20% 20% 21% 18% 20,972 21,553 14,859 15,336 15,501 16% 16% 14,061 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Jun-23 Sep-23 Dec-23 Ma
Slide 17: Healthy Trade Receivables
Healthy Trade Receivables Trade Receivables* (₹ Cr ) Operational Highlights • Receivables on a DSO terms remain at an heathy level 2,291 2,571 • All plants placed favourably in States’ Merit Order Dispatch. o Further, Hydro plants under ‘Must-run status’ with no scheduling risk • No history of any b
Slide 18: Segment Wise Performance
Segment Wise Performance Segment Wise Performance Present across all modes of generation
Slide 19: Thermal Assets | Q2 FY25 Highlights
Thermal Assets | Q2 FY25 Highlights Offtaker Profile Operational Assets Open, Rajasthan, 34% 28% 3,858 MW MSDECL, Utkal Ratnagiri Barmer Vijayanagar 8% Group Captive, 30% 1,200 MW 1,080 MW 860 MW 700 MW Installed Capacity Unit 1 (350 MW) operational PPA tied 1,105MW 1,080 MW 338 MW Merchant Fuel Typ
Slide 20: Thermal Assets | Q2 FY25 Highlights (2/2)
Thermal Assets| Q2 FY25 Highlights (2/2) Net Generation (MUs) Thermal : PLF – long term Operational Highlights 14% 9% 83% 86% 85% • Total Net Generation up 14% YoY at 4.8 BUs, 4,847 9,485 83% 8,709 72% 76% 73% 75% driven by higher generation at Ratnagiri and 4,269 Vijayanagar plants and contribution
Slide 21: Renewable Assets | Q2 FY25 Highlights
Renewable Assets |Q2 FY25 Highlights Offtaker Profile Wind – 4,701 MW Hydro - 1,631 MW Solar – 3,454 MW Hybrid – 2,026 MW Presence across all modes of generation Group Captive 17% PTC 6% Others 3% GJ 4% Total - Operational - MW Total - Operational - MW Total - Operational - MW TS 3% 15,352 * AP 3% •
Slide 22: Renewable Assets | Q2 FY25 Highlights
Renewable Assets |Q2 FY25 Highlights Installed Green Capacity (MW) Net Generation (MUs) Operational Highlights 21% 14% 24% • Renewable generation was up 14% YoY 4,356 8,236 • Wind generation at 1.8 BUs increased by 3,613 4,993 6,627 37% YoY due to capacity additions 4,369 96% Short Term • Total Hydr
Slide 23: Safety & Sustainability
Safety & Sustainability JSW Energy, Barmer
Slide 24: Continued Focus on Health & Safety Excellence
Continued Focus on Health & Safety Excellence All Figures are for Q2 FY25 British Safety Council Award for OH&S Safety Performance LTIFR of 0.18 upto Q2 FY25 Contractor Safety Management Wind Projects: Pre-Qualification Assessment (PQA) assessment completed for contractors ▪ 93 contractors evaluated
Slide 25: Sustainability: Framework and Policies
Sustainability: Framework and Policies 17 Focus Areas with 2030 Targets from 2020 as Base Year Governance & Oversight by Sustainability Committee Climate Change Renewable Power Biodiversity Mr. Sunil Goyal ▪ Committed to being carbon Enhance the renewable power No Net Loss for Biodiversity Independe
Slide 26: Sustainability: Targets and Strategy
Sustainability: Targets and Strategy FY20 Improvement FY30 SD Targets Actuals (FY20 to FY30) Targets Strategic Initiatives and Approach ▪ TCFD – Identified associated short term , medium term and Long term risks ▪ Supply Chain Sustainability – development of Digital Platform for value chain partners
Slide 27: Sustainability: Q2 FY25 Performance
Sustainability: Q2 FY25 Performance Key Highlights Performance ▪ Supply chain sustainability assessment – Registration of vendors in advanced stage; ESG assessment of registered vendors in progress. Ash Utilisation (%) ▪ TCFD (physical risk assessment) at Hydro plants – Site visit completed at JSW H
Slide 28: Sustainability: Empowering Our Communities
Sustainability: Empowering Our Communities JSW Energy, Barmer JSW Energy Q2 FY25 Results Presentation 27
Slide 29: Sustainability: Empowering Our Communities
Sustainability: Empowering Our Communities Health and Nutrition Sports Promotion • High altitude boxing training imparted to 95 • Doorstep healthcare services provided sportspersons under Project Shikhar through medical health units (MHUs) and health camps • 417 National and international level meda
Slide 30: Investor Relations Contact
Investor Relations Contact: ir.jswenergy@jsw.in ESG Data Profile: Link JSW Energy, Barmer and Vijayanagar Solar 29
Slide 31: Business Environment
Business Environment JSW Hydro - Sholtu
Slide 32: Indian Economy
Indian Economy Real GDP Growth (%) 22.6 12.8 9.9 8.2 8.1 8.6 7.8 • India continues to see resilient growth amid global 5.5 4.5 5.5 6.2 6.7 2.9 3.3 4.3 headwinds o Real GDP growth stood at 6.7% in Q1 FY25; RBI forecasts 1.8 -5.8 7.2% growth in GDP for FY25 -23.1 o PMI: Manufacturing (Sep-24: 56.5) an
Slide 33: Power Demand Remained Flat YoY in Q2 FY25 on a High Base
Power Demand Remained Flat YoY in Q2 FY25 on a High Base Power Demand in BUs Power Demand Growth (% YoY) 165 40% 155 145 30% • India’s power demand remained flat YoY 135 20% at 435 BUs in Q2 FY25, due to sporadic 125 10% 115 rainfall leading to lower cooling 105 0% 95 requirements. However, power de
Slide 34: Overall Generation Increased by 1% YoY in Q2 FY25
Overall Generation Increased by 1% YoY in Q2 FY25 Power Generation in BUs Power Generation Growth (% YoY) • Overall generation during Q2 FY25 30% 175 stood at 466 Bus, increasing by 1.1% 20% 155 YoY. 135 10% • Share of thermal in overall generation 115 0% decreased to 68% in Q2 FY25 with net 95 -10%
Slide 35: India's installed capacity stands at 453 GW as on Sep 24
India’s installed capacity stands at 453 GW as on Sep 24 Sector-wise Installed Capacity Segment-wise Installed Capacity Renewable Capacity Breakdown 2% 155 16 10% 23% 24% State Thermal 47 Other RES Nuclear 34% Wind Private 453 GW 453 GW Hydro Solar 54% 91 Central Renewables 53% Overall segment wise
Slide 36: Merchant Power – Day Ahead Market
Merchant Power – Day Ahead Market Monthly Average Merchant Tariff (₹/unit) Linear Trend - Monthly Avg Price (₹/kwh) 11.0 12 10 9.0 8 7.0 Q2 FY25 6 5.0 • DAM prices were down 24% YoY as the 4 3.0 average tariff recorded for Q2 FY25 was 2 1.0 ₹ 4.48/KWh vs ₹5.89/KWh in the Oct Jan Feb Sep Apr Aug Nov
Slide 37: Appendix
Appendix Ratnagiri Thermal Power Plant
Slide 38: Operational Performance – Thermal
Operational Performance – Thermal Net Generation (MUs) PLF/CUF (%) Location (Current Capacity Change Change Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Capacity) (%) YoY YoY LT 91% 1,698 1,478 15% 3,327 3,140 6% 77 (*88) 67 (*88) 75 (*87) 72 (*94) Ratnagiri (1,200 MW) Total 100%
Slide 39: Operational Performance – Renewables
Operational Performance – Renewables Net Generation (MUs) PLF/CUF (%) Location (Current Capacity Change Change Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Capacity) (%) YoY YoY LT 97% 2,683 2,694 0% 4,422 3,828 16% 94 95 78 68 * Hydro (1,345 MW) Total 100% 2,916 2,766 5% 4,756 3,
Slide 40: Financial Results – Major Entities
Financial Results – Major Entities Entity-wise Revenue from Operations Particulars in ₹ Crore Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Standalone 967 1,133 2,017 2,617 JSW Energy (Barmer) 746 727 1,385 1,367 JSW Energy Utkal 266 0 530 4 JSW Hydro Energy 466 691 786 988 Acquired RE Portfolio 559 607 991 1,025
Slide 41: Cash Returns on Adjusted Net Worth
Cash Returns on Adjusted Net Worth ₹ Cr (Unless mentioned otherwise) Quarter ended Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Reported PAT 180 272 290 850 231 351 522 853 Add: Depreciation 295 291 398 409 400 427 375 392 Add/(less): Deferred Taxes 14 24 55 89 (4) (92) 61 (4) (Less): Div
Slide 42: JSW Energy – Presence Across the Value Chain
JSW Energy – Presence Across the Value Chain Well placed to achieve 20 GW of generation capacity ahead of stated timeline of 2030 Power Generation Energy Storage Energy Products & Services 16.2 GWh of locked in capacity Solar Module & Green H2 Thermal, Hybrid+ FDRE, 3.9 GW, Green Hydrogen 4.8 GW, 25
Slide 43: Well Diversified Portfolio – Focused on Maximising Cash Returns
Well Diversified Portfolio – Focused on Maximising Cash Returns Capacity Breakdown Diversified Offtakers Generation Open capacity in 7.9 GW – 13% Open Capacity, 8% Pipeline 3,540 MW Others, 3% Group Captive, 20% Solar 560 MW Installed 7,740 MW 22% GJ, 3% Group Captive in Wind 250 MW HP, 2% 7.9 GW -
Slide 44: JSW Hydro - Q2 FY25 Highlights
JSW Hydro - Q2 FY25 Highlights Net Generation (MUs) Hydro : PAF and PLF Revision in two-part tariff at Karcham- 22% Wangtoo during the year on account of 5% 4,756 106% 104% lower depreciation rate in accordance with 2,916 3,910 2,766 105% 106% 81% Short 94% 99% CERC Regulations. Term 67% 93% 97% 92%
Slide 45: Under Construction Projects
Under Construction Projects JSW SECI X, Tuticorin JSW Energy Q2 FY25 Results Presentation 44
Slide 46: JSW Neo - Under construction Wind Power Projects – 1.5 GW
JSW Neo - Under construction Wind Power Projects – 1.5 GW Wind Projects (SECI IX, X, XII and Group Captive) ▪ SECI IX (810MW) : 205 MW Commisioned till date ▪ SECI X (454 MW) : 440 MW Commisioned till date ▪ Group Captive (737 MW) : 144 MW Commisioned till date ▪ Approx 1.5 GW is under construction
Slide 47: JSW Neo - Kutehr Hydro Power Plant – 240 MW
JSW Neo - Kutehr Hydro Power Plant – 240 MW Barrage & Intake Power - House works • Barrage concreting completed 95% • Unit 1 &2 – Box up completed • Intake 1&2 - Concreting completed • Unit 3 – Turbine erection completed; Generator assembly in progress • GIS – Installation work completed Tunneling &
Slide 48: JSW Energy Utkal (700 MW)
JSW Energy Utkal (700 MW) Revival works in Progress Unit 1 (350 MW) Unit 2 (350 MW) Others • Synchronised with grid on 13th Jan 24 • Steam Blowing Completed • Transmission line stringing work in progress • Station Transformer Charging Completed • Locomotive procurement done • Railway track laying in
Slide 49: Energy Products and Services
Energy Products and Services 3,800 TPA Green Hydrogen Plant 1,000 MWh Battery Energy Storage Plant Largest Green Hydrogen Plant for Production of Green Steel Largest Standalone Battery Energy Storage Project • Equipment deliveries started • Equipment deliveries started • Civil work in progress • Civ
Slide 50: Independent Auditor's Review Report (Standalone)
Chartered Accountants One International Centre Tower 3, 32nd Floor, Deloitte Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 400 013 Maharashtra, India Haskins & Sells LLP Phone: +91 22 6185 4000 Fax: +91 22 6185 4101 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCI
Slide 51: Standalone Financial Results
~ ENERGY LIMITED Registered Office : JSW Centre, Sandra Kurla Complex, Sandra (East), Mumbai-400051 CIN : L74999MH1994PLC077041 Statement of Standalone Financial Results for the Quarter and Six Months Ended September 30, 2024 t crore Quarter Ended Six Months Ended Year Ended Sr. Particulars 30.09 .2
Slide 52: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities t Crore As at Particulars 30,09.2024 31.03.2024 Unaudited Audited A. ASSETS 1. Non-current assets: (a) Property, plant and equipment 3,410.81 3,509.64 (b) Capital work-in-progress 46.86 17.56 (c) Other Intangible assets 3.54 1.71 (d) Other Intangible as
Slide 53: Standalone Statement of Cash Flows
Standalone Statement of Cash Flows t Crore For the six months ended Particulars 30.09.2024 30 .09.2023 Unaudited Unaudited A CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 626.39 512.34 Adjusted for: Depreciation and amortisation expense 128.06 140.40 Interest income earned on financial asset
Slide 54: Additional Information Pursuant to Regulation 52(4)
Additional information pursuant to Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended: As at/ As at/ As at/ Sr. Particulars Quarter Ended Six Months Ended Year Ended No. 30.09.2024 30.06.2024 30 .09.2023 30.09.20
Slide 55: Independent Auditor's Review Report (Consolidated)
Chartered Accountants One International Centre Tower 3, 32nd Floor, Deloitte Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 400 013 Haskins & Sells LLP Maharashtra, India Phone: +91 22 6185 4000 Fax: +91 22 6185 4101 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINAN
Slide 56: Auditor's Review Report (continued)
Deloitte Haskins & Sells LLP 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the acco
Slide 57: Auditor's Review Report (continued)
Deloitte Haskins & Sells LLP Our Conclusion on the Statement is not modified in respect of our reliance on the interim financial information certified by the Management. For DELOITTE HASKINS & SELLS LLP Chartered Accountants Firm's Registration No. 117366W/W-100018 MOHAMMED ~z:t~~~ed by SAIFUDDIN SA
Slide 58: Appendix A: List of Entities in Consolidated Results
Deloitte Haskins & Sells LLP Appendix A List of entities included in consolidated financial results: I. Parent JSW Energy Limited II. Subsidiaries 1 JSW Energy (Barmer) Limited 2 JSW Power Trading Company Limited 3 JSW Energy (Raigarh) Limited 4 JSW Neo Energy Limited 5 Jaigad PowerTransco Limited 6
Slide 59: List of Entities (continued)
Deloitte Haskins & Sells LLP 40 JSW Renew Energy Ten Limited (w.e.f. 09.02.2024) 41 JSW Renew Energy Eleven Limited (w.e.f. 24.02.2024) 42 JSW Renewable Energy (Salav) Limited (w.e.f. 17.01.2024) 43 JSW Renewable Energy Dolvi Three Limited (w.e.f. 05.02.2024) 44 JSW Green Energy Two Limited (w.e.f.
Slide 60: List of Entities (continued)
Deloitte Haskins & Sells LLP 86 JSW Vayu (Som) Private Limited (name change w.e.f. 29.06.2024) 87 Mytrah Vayu (Sabarmati) Private Limited 88 Mytrah Aadhya Power Private Limited 89 Mytrah Aakash Power Private Limited 90 Mytrah Abhinav Power Private Limited 91 Mytrah Adarsh Power Private Limited 92 My
Slide 61: Consolidated Financial Results Statement
_ , . ENERGY LIMITED Registered Office : JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400051 CIN: L74999MH1994PLC077041 Statement of Consolidated Financial Results for the Quarter and Six Months Ended September 30, 2024 ( f crore) Quarter Ended Six Months Ended Year Ended Sr. Particulars
Slide 62: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (? crore) As at Sr. Particulars 30.0 9.2024 31.03.2024 No. Unaudited Aud ited A ASSETS 1 Non-current assets: (a) Property. plant and equipment 28 ,765.11 26 .088.16 (b) Capital work-in-progress 10,409.87 10,282.30 (c) Goodwill 639.82 639.82 (d) Other
Slide 63: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows ( ~ crore) Sr. Particulars For the six months ended For the six months ended No. 30.09.2024 30.09.2023 Unaudited Unaudited I. CASH FLOW FROM OPERATING ACTIVITIES Profit before tax and deferred tax adjustable in future tariff 1,703.15 1,517.82 Adjusted for: Deprec
Slide 64: Cash and Cash Equivalents
Sr. Particulars For the six months ended For the six months ended No. 30.09.2024 30.09.2023 Un audited Unaudited CASH AND CASH EQUIVALENTS - AT THE BEGINNING OF THE 4,180.07 4,468.74 PERIOD Additions through business combination and asset acquisition . 121.22 Fair value gain on liquid investments 19
Slide 65: Consolidated Ratios and Segment Information
Sr. Particulars As at/ Quarter Ended As at/ Six months Ended Yea r Ended No. 30.09.2024 30.06.2024 30.09.2023 30.09.2024 30.09.2023 31. 03.2024 10 Inventory Turnover (n o. of days) 59 67 58 63 60 70 (Average Inventory / {Fuel cost+ Purchase of stock-in-trade+ Stores and spares consumed+ Changes in i
Slide 66: Press Release: Financial Results for the Quarter ended September 30, 2024
~Energy Press Release October 24, 2024 Financial Results for the Quarter ended September 30, 2024 Mumbai, India: JSW Energy Limited ("JSW Energy" or the "Company") today reported its results for the quarter ("Q2 FY25" or the "Quarter") ended September 30, 2024. Key Highlights of Q2 FY25 Operational:
Slide 67: Press Release: Growth Projects
Growth Projects: Generation: Total locked-in capacity of 19.2 GW • 204 MW of wind capacity commissioned during the quarter; 495 MW of capacity added in YTD FY25 resulting in total installed capacity of 7.8 GW • Commissioning of 440 MW of 454 MW SECI X Wind Project • Won RE bids to install 3.7 GW tak
Slide 68: Press Release: Generation and PLF
Net generation for the quarter stands at 9,840 MUs, a 14% YoY increase, driven by wind capacity additions, higher generation at thermal and hydro plants. Long-term sales rose 9% YoY due to increased LT generation from the RE portfolio, while short- term sales volume grew 68% YoY in the quarter. PLFs
Slide 69: Press Release: Financial Performance
to change in depreciation per CERC regulations). However, underlying EBITDA (excluding hydro true-up of =f174 Crore in Q2 FY24} was up 4% YoY. Finance cost for the quarter rose marginally to ,518 Crore from ,514 Crore in Q2 FY24, with the weighted average cost of debt at 8.81%. Profit After Tax (PAT
Slide 70: Press Release: Industry and Outlook
• On the supply side, installed capacity stood at 453 GW as of Sep-24. In Q2 FY25, net installed capacity increased by 6.5 GW primarily due to renewable capacity additions. Outlook: • As per the World Bank's latest 'Global Economic Prospects' (Jun-24), global growth is likely to be 2.6% in 2024 desp
Slide 71: About JSW Energy
ABOUT JSW ENERGY: JSW Energy Ltd is one of the leading Private sector power producers in India and part of the USD 24 billion JSW Group which has significant presence in sectors such as steel, energy, infrastructure, cement, sports among others. JSW Energy Ltd has established its presence across the