JSW Energy Limited (NSE:JSWENERGY)

JSW Energy Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	159,491	117,454	114,859	103,318	81,672	69,222
Revenue Growth (YoY)	39.71%	2.26%	11.17%	26.50%	17.98%	-16.32%
Fuel & Purchased Power	52,380	44,560	45,816	55,697	34,940	32,830
Operations & Maintenance	4,998	4,998	3,625	1,950	1,709	1,338
Selling, General & Admin	716.3	716.3	516.7	472	341	239.9
Depreciation & Amortization	24,350	16,546	16,334	11,692	11,311	11,669
Other Operating Expenses	21,975	14,584	11,025	12,147	8,263	5,659
Total Operating Expenses	104,420	81,405	77,318	81,958	56,563	51,736
Operating Income	55,071	36,049	37,542	21,360	25,109	17,486
Interest Expense	-38,949	-22,011	-19,385	-7,865	-6,468	-8,730
Interest Income	3,844	3,844	2,469	2,665	3,967	1,196
Net Interest Expense	-35,105	-18,167	-16,915	-5,200	-2,500	-7,535
Income (Loss) on Equity Investments	154.9	227.5	165.1	192.9	85.4	171.5
Currency Exchange Gain (Loss)	-71	-71	-57.8	-231.9	2.1	-0.9
Other Non-Operating Income (Expenses)	1,232	566.3	-296	554.2	-484.7	305.7
EBT Excluding Unusual Items	21,282	18,605	20,438	16,675	22,211	10,428
Gain (Loss) on Sale of Investments	2,047	2,047	800.1	1,139	465.4	336
Gain (Loss) on Sale of Assets	-5.6	-5.6	0.5	-1.5	-26.3	-50.1
Asset Writedown	-310.9	-310.9	-	-	-702.7	-38.5
Other Unusual Items	1,803	1,803	431	1,616	435.2	310.8
Pretax Income	24,817	22,139	21,669	19,428	22,383	10,986
Income Tax Expense	2,496	2,310	4,423	4,627	4,948	2,759
Earnings From Continuing Ops.	22,321	19,829	17,247	14,801	17,435	8,227
Minority Interest in Earnings	-2,084	-319.9	-19.4	-23.6	-148.6	-272
Net Income	20,237	19,509	17,227	14,778	17,286	7,955
Net Income to Common	20,237	19,509	17,227	14,778	17,286	7,955
Net Income Growth	3.37%	13.25%	16.58%	-14.51%	117.30%	-27.68%
Shares Outstanding (Basic)	1,745	1,743	1,641	1,641	1,643	1,642
Shares Outstanding (Diluted)	1,746	1,745	1,645	1,644	1,646	1,645
Shares Change (YoY)	3.04%	6.13%	0.02%	-0.10%	0.07%	0.17%
EPS (Basic)	11.60	11.19	10.50	9.01	10.52	4.84
EPS (Diluted)	11.59	11.18	10.47	8.99	10.50	4.84
EPS Growth	0.38%	6.78%	16.46%	-14.38%	116.94%	-27.76%
Free Cash Flow	-21,145	-30,088	-17,991	-32,012	6,580	32,644
Free Cash Flow Per Share	-12.11	-17.24	-10.94	-19.47	4.00	19.85
Dividend Per Share	-	2.000	2.000	2.000	2.000	2.000
Dividend Growth	-	-	-	-	-	100.00%
Profit Margin	12.69%	16.61%	15.00%	14.30%	21.17%	11.49%
Free Cash Flow Margin	-13.26%	-25.62%	-15.66%	-30.98%	8.06%	47.16%
EBITDA	79,012	52,187	53,416	32,902	36,339	29,099
EBITDA Margin	49.54%	44.43%	46.51%	31.85%	44.49%	42.04%
D&A For EBITDA	23,941	16,137	15,874	11,542	11,230	11,613
EBIT	55,071	36,049	37,542	21,360	25,109	17,486
EBIT Margin	34.53%	30.69%	32.68%	20.67%	30.74%	25.26%
Effective Tax Rate	10.06%	10.44%	20.41%	23.82%	22.11%	25.11%
Revenue as Reported	169,097	126,395	119,413	108,671	87,358	71,597

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.