Summary:
JSW Energy reported a 38.4% year-on-year rise in consolidated net profit to ₹1,141.04 crore in Q2FY27, while revenue grew 23% to ₹6,368.47 crore. Higher electricity generation and capacity additions supported growth as the company expanded its renewable energy portfolio.
JSW Energy Limited reported a 38.4% YoY rise in consolidated net profit at ₹1,141.04 crore for Q2FY27 as against ₹824.27 crore in the same quarter last year. Higher electricity generation, addition of capacity and revenue growth drove the performance. The company's shares were also up more than 4% during trading on October 29, 2026.
JSW Energy Q2FY27 Results: Revenue jumps 23%
JSW Energy reported consolidated revenue from operations of ₹6,368.47 crore for the quarter ended September 30, 2026, against ₹5,177.42 crore in Q2FY26, up 23% YoY.
Total income grew 24.2% to Rs 6,657.71 crore and consolidated net profit increased 38.4% to Rs 1,141.04 crore.
Profit attributable to shareholders grew by almost 50 per cent year-on-year to Rs 1,056.37 crore from Rs 704.68 crore.
| Financial metric | Q2FY27 | Q2FY26 | YoY change |
| Revenue from operations | ₹6,368.47 crore | ₹5,177.42 crore | 23.0% |
| Total income | ₹6,657.71 crore | ₹5,361.07 crore | 24.2% |
| Consolidated net profit | ₹1,141.04 crore | ₹824.27 crore | 38.4% |
| Profit attributable to shareholders | ₹1,056.37 crore | ₹704.68 crore | 49.9% |
Revenue grew 22.3% QoQ, while consolidated net profit more than doubled to ₹532.70 crore in Q1FY27.
Higher Power Generation Increases Earnings Growth
Higher generation and recently commissioned capacity were important contributors to the quarterly performance.
In total, electricity generation grew 17% YoY to ~17.5 billion units.
Thermal power generation increased 13% to 8.9 billion units, while wind and solar generation increased 25% and 36% respectively.
The company's thermal plant load factor was 75% compared to the industry average of 67.8%.
Merchant power realization stood at ₹6.90 a unit, up around 20% from the day-ahead market average of ₹5.70.
However, total expenses grew about 20.5% YoY to ₹5,309.07 crore on account of costs related to ramping up operations.
Capacity Over 15 GW, Fundraising Plans Outlined
JSW Energy continued to grow its conventional and renewable power pipeline in Q2FY27.
The company added 813 MW capacity during the quarter to take the total installed capacity to 15,147 MW.
This included the acquisition of the 300 MW Maruti thermal power plant for an enterprise value of Rs. 1,410 crore.
Capacity additions were around 1.7 GW in H1FY27 including 1.4 GW of renewable energy.
The company is looking at 3 GW of renewable capacity additions in FY27.
The board also approved raising up to Rs 5,000 crore through non-convertible debenture and up to Rs 6,000 crore through eligible securities.
Why JSW Energy Shares Surged After Q2 Results?
Shares of JSW Energy got a boost post the announcement of quarterly earnings.
The stock closed at ₹483 on October 28, up 2.84% from its previous close of ₹469.65.
October 29 saw a continuation of the upward movement. Shares traded up nearly 4.1% at ₹502.80.
The rally was on the back of strong profit growth, higher electricity generation and expansion of capacity and improving operational performance.
The stock, however, was still below its 52-week high of ₹617.35, indicating that the recent recovery was after a phase of price weakness.
