JSW Energy Limited — Investor Meet, 22-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

JSW Energy reported strong financial results for Q2 and H1 FY26. Q2 net generation surged 52% YoY, driving revenue up 55% to ₹5,300 Cr and EBITDA 67% higher at ₹3,200 Cr. While Q2 PAT saw a 17% dip due to increased interest and depreciation, cash profit rose 27% to ₹1,500 Cr. Operational capacity reached 13.2 GW (+71% YoY) with 443 MW added in Q2, including Kutehr Hydro. Strategic moves like acquiring GE Boiler business, Tidong Hydro (₹1,728 Cr), and establishing a 5 GWh BESS plant enhance future growth. Management is confident in reaching over 15 GW by fiscal year-end, with 12.5 GW under-construction fully tied up, underscoring disciplined capital allocation aiming for mid-to-high-teen IRRs.