External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Pick-up in power demand and increase in power price: Over FY13-F23, the power demand in India grew at a CAGR of ~4.3% and the peak demand by 4.7%. Feb’25 saw a pick-up in the power demand.</li><li>Peak demand in Feb’25 reached 243 GW (up 9.5% YoY).</li><li>For the Month of March, the energy consumption is picking up, with consumption to date being 57 BU, a 9.4% increase on a YoY basis. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick-up in power demand and increase in power price: Over FY13-F23, the power demand in India grew at a CAGR of ~4.3% and the peak demand by 4.7%. Feb’25 saw a pick-up in the power demand.Peak demand in Feb’25 reached 243 GW (up 9.5% YoY).For the Month of March, the energy consumption is picking up, with consumption to date being 57 BU, a 9.4% increase on a YoY basis. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: JSW Energy - 15th March, 2025

<ul><li>Capacity expansion: The company added 377 MW of capacity in Q3FY25, taking its installed capacity to 8,117 MW as of Dec’24.</li><li>With the 125 MW of wind project acquisition, the company’s installed capacity stands at 8,242 MW.</li><li>The company targets to increase its installed capacity to 10 GW by Jun’25, and with the acquisitions of KSK Mahanadi and O2 concluding, the company’s consolidated installed capacity is expected to be 14 GW by Jun’25. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Capacity expansion: The company added 377 MW of capacity in Q3FY25, taking its installed capacity to 8,117 MW as of Dec’24.With the 125 MW of wind project acquisition, the company’s installed capacity stands at 8,242 MW.The company targets to increase its installed capacity to 10 GW by Jun’25, and with the acquisitions of KSK Mahanadi and O2 concluding, the company’s consolidated installed capacity is expected to be 14 GW by Jun’25. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JSW Energy Ltd - Results Miss Estimates; Capacity Additions Trajectory Inline

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>JSW Energy faces a significant regulatory setback with the rejection of its proposed tariff for a 500 MW/1000 MWh Battery Energy Storage System project by the Central Electricity Regulatory Commission. </li>
<li>This decision highlights the vulnerability of renewable energy ventures to regulatory changes, potentially leading to project delays, tariff renegotiations, and broader market uncertainty, which could impact India’s renewable energy goals.</li>
<li>The impact of this could be multiple ripple effects including project delays, financial loss, viability concerns of battery storage business.</li>
</ul>


JSW Energy faces a significant regulatory setback with the rejection of its proposed tariff for a 500 MW/1000 MWh Battery Energy Storage System project by the Central Electricity Regulatory Commission. 
This decision highlights the vulnerability of renewable energy ventures to regulatory changes, potentially leading to project delays, tariff renegotiations, and broader market uncertainty, which could impact India’s renewable energy goals.
The impact of this could be multiple ripple effects including project delays, financial loss, viability concerns of battery storage business.


Why Does JSW Energy's Battery Foray Go into Deep Trouble?

Event-Driven

<ul>
<li>The acquisition of O2 Power brings with it a robust portfolio of 4,696 MW of renewable energy assets, wherein JSWE’s Current operational capacity stands at 7740 MW</li>
<li>JSW Energy's total locked-in generation capacity will reach nearly 24,708 MW by June 2027, marking a substantial increase of 23% from its previous capacity of 20,012 MW</li>
<li>JSW Energy can leverage its in-house EPC and O&amp;M capabilities to unlock further value from the 4.7 GW portfolio.</li>
</ul>


The acquisition of O2 Power brings with it a robust portfolio of 4,696 MW of renewable energy assets, wherein JSWE’s Current operational capacity stands at 7740 MW
JSW Energy's total locked-in generation capacity will reach nearly 24,708 MW by June 2027, marking a substantial increase of 23% from its previous capacity of 20,012 MW
JSW Energy can leverage its in-house EPC and O&amp;M capabilities to unlock further value from the 4.7 GW portfolio.


External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>JSW Energy (JSWE) reported 2QFY25 EBITDA of INR16.8b, below our estimate of INR19.3b.</li><li>While net generation was up 14% YoY, EBITDA was negatively affected by lower merchant spreads and a one-time tariff impact from the hydro business.</li><li>Adjusted 2Q PAT was 20% above our estimate at INR8.5b (est.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JSW Energy (JSWE) reported 2QFY25 EBITDA of INR16.8b, below our estimate of INR19.3b.While net generation was up 14% YoY, EBITDA was negatively affected by lower merchant spreads and a one-time tariff impact from the hydro business.Adjusted 2Q PAT was 20% above our estimate at INR8.5b (est.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JSW Energy - EBITDA Miss but Capacity Ramp-Up Plans on Track

India

JSW Energy Limited generates power by using Corex gas and coal. The Company, through its subsidiary, also operates lignite thermal power plant in Rajasthan and has a capacity to produce 3,140 megawatts of electricity. JSW is also present in the power trading and transmission businesses.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

JSW Energy Ltd (JSW IN)

Pick of the Week: JSW Energy - 15th March, 2025

Over FY13-F23, the power demand in India grew at a CAGR of ~4.3% and the peak demand by 4.7%. Feb’25 saw a pick-up in the power demand.

Axis Direct

JSW Energy Ltd - Results Miss Estimates; Capacity Additions Trajectory Inline

Capacity expansion: The company added 377 MW of capacity in Q3FY25, taking its installed capacity to 8,117 MW as of Dec’24.

Axis Direct

Why Does JSW Energy's Battery Foray Go into Deep Trouble?

JSW Energy's proposed tariff for a Battery Energy Storage System project rejected by CERC, highlighting regulatory risks for renewable energy...

Nimish Maheshwari

JSW Energy X O2 Power: 25 GW Powerhouse

JSW Energy's acquisition of O2 Power boosts its renewable energy assets to 4,696 MW, with plans to reach 24,708 MW by 2027, leveraging in-house...

Nimish Maheshwari

JSW Energy - EBITDA Miss but Capacity Ramp-Up Plans on Track

While net generation was up 14% YoY, EBITDA was negatively affected by lower merchant spreads and a one-time tariff impact from the hydro business.

Motilal Oswal

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Pick of the Week: JSW Energy - 15th March, 2025

Over FY13-F23, the power demand in India grew at a CAGR of ~4.3% and the peak demand by 4.7%. Feb’25 saw a pick-up in the power demand.

Axis Direct

JSW Energy Ltd - Results Miss Estimates; Capacity Additions Trajectory Inline

Capacity expansion: The company added 377 MW of capacity in Q3FY25, taking its installed capacity to 8,117 MW as of Dec’24.

Axis Direct

Why Does JSW Energy's Battery Foray Go into Deep Trouble?

​JSW Energy's proposed tariff for a Battery Energy Storage System project rejected by CERC, highlighting regulatory risks for renewable energy...

Nimish Maheshwari

JSW Energy X O2 Power: 25 GW Powerhouse

​JSW Energy's acquisition of O2 Power boosts its renewable energy assets to 4,696 MW, with plans to reach 24,708 MW by 2027, leveraging in-house...

Nimish Maheshwari

JSW Energy - EBITDA Miss but Capacity Ramp-Up Plans on Track

While net generation was up 14% YoY, EBITDA was negatively affected by lower merchant spreads and a one-time tariff impact from the hydro business.

Motilal Oswal

JSW Energy's proposed tariff for a Battery Energy Storage System project rejected by CERC, highlighting regulatory risks for renewable energy...

JSW Energy's acquisition of O2 Power boosts its renewable energy assets to 4,696 MW, with plans to reach 24,708 MW by 2027, leveraging in-house...