JSW Energy shares slip nearly 6% despite revenue jumping 41%
Business
JSW Energy's stock slid nearly 6% on Tuesday morning trade, at ₹524.85, after the company posted weaker March quarter results.
While revenue jumped 41% to ₹4,498 crore, profits took a hit thanks to rising finance and fuel costs.
Net profit down 9% to ₹371cr
Net profit dropped 9% year-over-year to ₹371 crore and earnings per share slipped to ₹2.12 as borrowing costs soared 138% and fuel expenses climbed 15%.
Even with these challenges, JSW Energy's board has proposed a ₹2-per-share dividend (pending shareholder approval), showing they're still optimistic about the future.