Q2 2026 JSW Energy Ltd Earnings Call Transcript
Key Points
- JSW Energy Ltd (BOM:533148) reported a significant increase in generation, with a 52% year-on-year rise in the current quarter, and a 60% increase in H1FY26.
- The company successfully added 443 megawatts of new capacity, increasing its installed capacity to 13.2 gigawatts, marking a 71% year-on-year growth.
- JSW Energy Ltd (BOM:533148) has a robust under-construction portfolio of 12.5 gigawatts, all fully tied up under long-term power purchase agreements.
- The acquisition of GE Power India's boiler manufacturing unit enhances JSW Energy Ltd (BOM:533148)'s in-house capabilities, supporting its thermal power expansion plans.
- The company is establishing a battery assembly plant in Pune, expected to be operational in Q3 FY26, to support battery energy storage systems and meet domestic content requirements.
- Profit after tax for the current quarter was down by 17% compared to last year, despite increased generation and revenue.
- The merchant market remains soft, with day-ahead prices declining both sequentially and annually, impacting revenue.
- There is a slowdown in the signing of power purchase agreements (PPAs), with a backlog of 40 gigawatts of bids pending.
- The company faces challenges in solar performance due to extended monsoons, impacting solar generation.
- There is uncertainty regarding the timeline for signing PPAs for the 2.6 gigawatts of renewable capacity still pending.
Ladies and gentlemen, good day and welcome to the JSW Energy 2FY26 earnings conference call hosted by Motila Oswal.
(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Abhishekh Nagam from Motilaosal.
Thank you and over to you, sir.
Yeah, thank you for that. Hello everyone, good evening and thank you for joining JSW Blue Energy's 2QF 526 earnings call. Tonight we have with us Mr. Sharad Mahendra, joint MD and CEO, Mr. Pradesh Vinay, director finance and CFO, and Mr. Dekash Chaudry, head of strategic Finance and investor relations.
And now without any further delay, I will hand it over to Mr. Sharad Mainer for opening command.
What do you, sir?
Yeah, good evening, everyone, and thank you for joining us today for JW Blue Energy's quarter by 26
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