Mumbai: Sajjan Jindal-led JSW Energy on Tuesday reported a 6.6 per cent increase in net profit for the quarter ended June 30 at Rs 244.38 crore mainly on the back of lower fuel and financial costs.
The company's consolidated net profit was Rs 229.17 crore for the corresponding quarter last fiscal.
Its total income rose marginally to Rs 2,463.99 crore from Rs 2,427.87 crore.
The company's total net generation from its power plants declined to 5,867 million units in June quarter from 6,086 million units year ago. "For JSW Energy, this was a stable quarter. Our revenues increased by 1.5 per cent, but we managed to maintain our margins at 35 per cent. Our PAT improved mainly on the back of repayment of debt which brought down our interest cost," its director and chief operating officer Sharad Mahendra told reporters here.