JSW Energy Reports its Highest-Ever Quarterly EBITDA and PAT; Installed Capacity Crosses 15 GW milestone

02 November, 2026
Home Newsroom Press Release JSW Energy Reports its Highest-Ever Quarterly EBITDA and PAT; Installed Capacity Crosses 15 GW milestone

JSW Energy Limited (“JSW Energy” or the “Company”) reported its operational and financial performance for the quarter (“Q2 FY27” or the “Quarter”) ended September 30, 2026.

 

Q2 FY27 YoY Highlights

+1.9 GW
YoY capacity added
17%
Power sales volume (MUs)
23%
EBITDA
41%
PBT
38%
PAT
39%
Cash PAT
26%
Net worth
₹15,698 Cr
Cash & equivalents (vs ₹6,181 Cr in Q2 FY26)

“Q2 FY27 marks JSW Energy's highest-ever quarterly EBITDA and PAT, as the capacity we have been building steadily translates into earnings. In H1 FY27, we added 1.7 GW, including 1.4 GW of renewables, among the highest capacity additions in the sector, and crossed the 15 GW milestone. With land, transmission connectivity and equipment supply secured for the remaining projects, and the stronger construction season now underway, we are confident of achieving our FY27 target of 3 GW. Our robust balance sheet and the execution discipline of Strategy 3.0 give us clear visibility towards 30 GW by FY30.”

- Mr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy

Key Highlights

  • Total installed capacity up 1,686 MW in H1 FY27 (+813 MW in Q2 FY27), including 1,386 MW of RE (+513 MW in Q2 FY27). Current installed capacity stands at 15,147 MW (as on October 5).
  • Acquired 300 MW Maruti Thermal Plant (fully operational) on August 6, 2026 for an enterprise value of ₹1,410 Cr.
  • Completed turbine-generator orders for the entire 3.2 GW (4 × 800 MW) Salboni Thermal Project in West Bengal, from Toshiba JSW Power Systems.
  • Signed a Shareholders' Agreement with Druk Green Power Corporation (DGPC) to jointly develop the 920 MW Punatsangchhu-III Hydroelectric Project in Bhutan (JSW Neo Energy 49%, DGPC 51%), marking the Company's first power generation venture outside India. DPR preparation under way.
  • NCLT sanction received for the Scheme of Arrangement with GE Power India Limited, following shareholder and creditor approvals.
  • Credit rating affirmed at 'AA/Stable/A1+' by India Ratings and ICRA, underscoring our robust credit risk profile.
  • Q2 FY27 EBITDA up 23% YoY to ₹3,907 Cr from ₹3,180 Cr.
  • Q2 FY27 PAT stood at ₹1,141 Cr vis-à-vis ₹824 Cr in Q2 FY26.
  • Cash PAT for the quarter stood at ₹2,099 Cr, up 39%.
  • Net Debt to Equity at 1.79x; Operational Net Debt to EBITDA at 4.94x.
  • Robust liquidity buffer with Cash & Cash Equivalents at ₹15,698 Cr.
  • Debtor days stood at 63 days.

Read the complete press release (PDF)

Read the complete results (PDF)

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