JSW Energy net nearly doubles to Rs 319 crore

Written by fe Bureau | Mumbai | Updated: Nov 1 2014, 06:37am hrs
JSW Energy reported second-quarter profit that trumped numbers posted in the previous fiscal as it booked highest quarterly net generation of 5,236 million units for the quarter ended September with a plant load factor of 87%.

During the second-quarter, a modest uptick in activity levels, delayed monsoon and elections related demand primarily led to all India demand for power improving by 10.9% year-on-year, the company said in a statement. The Sajjan Jindal-led company reported a profit that nearly doubled year-on-year to R319 crore. It had posted net profit of R162.59 crore for the corresponding quarter of 2013-14. Net sales jumped 11% to R2,216.05 crore.