Earnings Alerts

JSW Energy Ltd (JSW) Earnings: 1Q Net Income Soars 80%, Surpassing Estimates

  • JSW Energy reported a net income of 5.22 billion rupees for the first quarter of 2024.
  • This net income is an 80% increase compared to the same period last year.
  • The net income exceeded market estimates of 3.74 billion rupees.
  • Revenue for the quarter was 28.8 billion rupees.
  • This represents a 1.7% decrease in revenue year-over-year.
  • The revenue fell short of the estimated 34.38 billion rupees.
  • Total costs for the quarter were 23.5 billion rupees.
  • This marks a 9.3% reduction in total costs year-over-year.
  • Other income for the company rose by 91%, reaching 1.63 billion rupees.
  • Finance costs increased by 5.1%, totaling 5.11 billion rupees.
  • Analyst ratings consist of 6 buys, 3 holds, and 4 sells.

JSW Energy Ltd on Smartkarma

Analyst coverage of JSW Energy Ltd on Smartkarma has been positive, with Sudarshan Bhandari publishing an insightful research report titled “JSW Energy: Powering India’s Future.” In the report, JSW Energy is highlighted as a company with a strong focus on renewable energy and significant capacity expansion plans. The company aims to achieve 10 GW by FY25 and is strategically planning for 20 GW by 2025, including the implementation of energy storage systems. JSW Energy’s strategic acquisitions and emphasis on renewables are expected to enhance its growth prospects, positioning it to become a top renewable energy provider.


A look at JSW Energy Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

JSW Energy Ltd, a power generation company utilizing Corex gas and coal, appears to have a mixed long-term outlook based on its Smartkarma Smart Scores. While scoring well in terms of Growth and Momentum with scores of 4 and 5 respectively, the company faces challenges in terms of Resilience, scoring a 2. This suggests that JSW Energy Ltd may have solid potential for expansion and strong performance in the market. However, investors should be aware of potential risks to the company’s resilience in fluctuating market conditions. Furthermore, the Value and Dividend scores of 3 each indicate a moderate standing in terms of financial attractiveness and dividend payouts.

Overall, JSW Energy Ltd‘s Smartkarma Smart Scores highlight a company with promising growth prospects and positive market momentum. With a significant capacity to produce electricity and presence in power trading and transmission sectors, JSW Energy Ltd showcases a diversified business model. Investors should consider the company’s strengths in growth and momentum, while also paying attention to its resilience and valuation metrics for a comprehensive assessment of its long-term potential in the energy sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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