12 May , 2026 By : Debdeep Gupta
Shares of JSW Energy Limited fell sharply in Tuesday's trade after the company reported weaker March quarter earnings, weighed down by higher finance and fuel costs.
As per latest NSE data, JSW Energy shares were trading at Rs 524.85, down Rs 31.80 or 5.71% in the morning session.
Earlier on Monday, the company reported a 9% year-on-year decline in consolidated net profit for the March quarter of FY26. Net profit attributable to owners of the company came in at Rs 371 crore, compared with Rs 408 crore in the same quarter last year, according to an exchange filing.
Despite the drop in profit, revenue from operations rose strongly. The company's revenue from core operations surged 41% year-on-year to Rs 4,498 crore in the March quarter, compared with Rs 3,189 crore in the corresponding period of the previous financial year.
The decline in profitability also impacted earnings per share (EPS), which slipped to Rs 2.12 in Q4 from Rs 2.34 a year ago.
JSW Energy's financial statements showed that rising finance and fuel costs weighed on profitability despite strong revenue growth. Finance costs jumped 138% to Rs 1,608 crore in the March quarter, compared with Rs 675 crore in the same period last year.
Fuel expenses also increased 15% year-on-year to Rs 1,340 crore, compared with Rs 1,163 crore in the year-ago quarter.
Alongside its earnings announcement, JSW Energy's board recommended a dividend for shareholders. "Recommended a dividend of Rs 2 (20%) per Equity Share of Rs 10 to the Members of the Company for declaration at the forthcoming 32nd Annual General Meeting," the company said in its exchange filing.
The company has fixed June 5, 2026 as the record date for the dividend. If approved by shareholders at the upcoming annual general meeting, the dividend is expected to be paid within 30 days of the meeting.
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