JSW Energy Limited (533148) Earnings Call Transcripts
JSW Energy Limited's Latest Earnings Call - Q4 FY2026
In Q4 FY '26, JSW Energy Limited reported a robust performance with revenue of approximately INR 4,851 crores, reflecting a 39% year-on-year growth. The company achieved its highest annual EBITDA of INR 11,041 crores, driven by a 58% increase in generation capacity and strategic capacity additions. Management maintained a positive outlook for FY '27, anticipating continued demand recovery and signaling a target of 3 gigawatts in new capacity additions for the year, alongside a CapEx plan of INR 20,000 crores.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | INR 4,851 crores (beat) |
| EBITDA | INR 11,041 crores (beat) |
| Profit After Tax | INR 574 crores (beat) |
| Net Debt-to-EBITDA | 5.2x (inline) |
| PLF at KSK Mahanadi | 93% (positive) |
| CapEx Guidance | INR 20,000 crores (neutral) |
Guidance from management
Management expects to add approximately 3 gigawatts of capacity in FY '27, with a CapEx spend of around INR 20,000 crores. They anticipate continued demand recovery, projecting a peak demand of 270 gigawatts this summer.
What management said
see the thing is FY '27, as I have said that approximately close to about 3 gigawatts of capacity additions will happen, which will be a mix of solar, wind and hybrid projects. So the breakup between solar and wind depends on what kind of project, what kind of hybrid, which is there. But as per the PPA terms, we can say that. But maybe you can say in terms of if I have to do a percentage maybe out of 3 gigawatt, abou...
Yes, capacity, please? No, I think it's not excessive. I think the process is currently on -- we can't comment anything at this point in time. I think, but it is kind of probably by end of Q2 is what we'll have some number on
What analysts pressed on
Analysts expressed concerns about potential delays in project execution due to power evacuation issues and the impact of curtailments on revenue. There were inquiries regarding the specifics of the KSK Mahanadi acquisition and the overall impact of rising costs on project IRR.
Main topics on the call
- Record Annual EBITDA — JSW Energy reported its highest ever annual EBITDA of INR 11,041 crores for FY '26, a significant increase driven by capacity expansion and operational efficiencies. Management stated, "The central message is that signif...
- Capacity Expansion — The company added 2.6 gigawatts of installed capacity during FY '26, bringing total operational capacity to 13.45 gigawatts. Management highlighted, "We are looking to add about 3 gigawatts capacity and a CapEx spend of ...
- Demand Recovery — Management noted a rebound in power demand growth to 2.1% in Q4 FY '26, with expectations of continued recovery into FY '27. They stated, "India's growing industrialization, urbanization and rising per capita consumption...
- Merchant Market Performance — Despite a soft merchant market, JSW Energy achieved a premium of over 20% on merchant realizations compared to average exchange prices. Management noted, "We are continuing to sell even in the current quarter with a mini...
Read the full JSW Energy Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About JSW Energy Limited
JSW Energy Limited (533148) is a publicly listed company in the Independent Power and Renewable Electricity Producers industry, within the Utilities sector. It trades on BSE and is based in IN. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 28 calls on record spanning February 4, 2020 to July 22, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 28 JSW Energy Limited earnings call transcripts on record, spanning February 4, 2020 to July 22, 2026. Based on this history, JSW Energy Limited reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.