JSW Energy Q3 FY26 results (Oct–Dec 2025) and concall

Power · Concall AI · Call held 23 Jan 2026

Company page: JSW Energy share price, financials & guidance record

JSW Energy reported strong Q3 FY26 results with significant revenue and EBITDA growth, driven by substantial capacity additions and improved operational performance. The company is well on track to meet its ambitious 2030 capacity targets, securing new PPAs and commissioning green hydrogen and renewable projects. While facing challenges from flattish power demand and increased debt, management highlighted strategic de-risking, reduced receivables, and declining cost of debt, maintaining a positive outlook for future growth.

You’re reading a preview. Opening the full call uses 1 concall credit.

What they filed

Q3 FY26: revenue up 67.4%, net profit up 236.9% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26
Revenue	3,238	2,439	3,189	5,143	5,177 +60%	4,082 +67%
Expenses	1,553	1,525	1,985	2,355	2,181	2,052
EBITDA	1,685	914	1,204	2,789	2,996 +78%	2,030 +122%
Margin	52%	37%	38%	54%	58%	50%
Other income	230	206	313	271	186	111
Interest	518	564	675	1,306	1,418	1,485
Depreciation	392	406	482	739	809	829
Profit before tax	1,005	150	361	1,015	955 −5%	-173 −215%
Tax rate	13%	-5%	-15%	18%	14%	-406%
Net profit	877	157	415	836	824 −6%	529 +237%
EPS	4.88	0.96	2.33	4.25	4.03	2.40

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

More Power earnings calls