JSW Energy Limited — Investor Meet, 28-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

JSW Energy Q3 FY26 earnings show strong growth: revenue up 61% YoY to ₹4,255 Cr, EBITDA surged 98% to ₹2,202 Cr, and PAT jumped 150% to ₹420 Cr, aided by deferred tax assets. Power sales rose 65% YoY to 11.1 billion units, largely driven by new capacity and 82% from long-term PPAs.

The company commissioned India's largest green hydrogen plant and added 125 MW of renewable capacity in Q3. A significant 1,600 MW PPA was secured for the Salboni thermal project, raising total capacity there to 3,200 MW, and a 400 MW PPA for Utkal at ₹5.8/unit. Management is confident in achieving its 2030 targets, citing de-risked capacity and supply chain control. Debt reduction expected from promoter capital infusion.