EBITDA miss but capacity ramp-up plans on track

Company
28 Oct 2024
5 Min read 
  • JSW Energy reported 2QFY25 EBITDA below estimate, but adjusted PAT was above estimate.
  •  The company maintained its full-year capex guidance and highlighted locked-in capacity.
  •  The company's project pipeline stands at 5.8GW, with 3.5GW awaiting PPA.
  •  JSWE's core business is valued at 15x Dec 26E EBITDA, leading to a TP of INR900.
  •  The company's net generation in 2Q was up 14% YoY, with long-term PPA generation rising 9% YoY.
  •  Consolidated revenue and adjusted PAT were 8% below the estimate and 20% above the estimate, respectively.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority