Net profit declines over 48% to Rs 290 crore
JSW Energy has reported over 48 per cent decline in consolidated net profit to Rs 290 crore in the April-June quarter due to one-time impact of non-operational expenses of recent Mytrah buyout and Ind-Barath 700 MW thermal plant deal under the insolvency route.
The consolidated net profit of the company stood at Rs 560 crore in the quarter ended on June 30, 2022, according to the investor presentation of the company.
The company, in a statement, said that there is a one-time impact of non-operational expenses of recent Mytrah buyout and Ind-Barath 700 MW thermal NCLT (National Company Law Tribunal) deal.
During the quarter, total revenue decreased by 3 per cent YoY (year on year) to Rs 3,013 crore from Rs 3,115 crore a year ago as the incremental revenue from M...