JSW Energy Q3 FY26 – High-Growth Quarter with Earnings Acceleration

JSW Energy delivered a strong performance in the December 2025 quarter, driven by capacity additions and improved realizations, resulting in sharp growth across revenue and profitability. • Sales: ↑ 67% YoY to ₹4,082 crore (vs ₹2,439 crore in Dec 2024) • EBIDT: ↑ 122% YoY to ₹2,030 crore (vs ₹914 crore) • Net Profit: ↑ 173% YoY to ₹529 crore (vs ₹157 crore) • EPS: ↑ 150% YoY to ₹2.40 (vs ₹0.96) At a price of ₹478, market cap ₹83,937 crore, and PE 36.3, JSW Energy reflects strong growth expectations backed by rapid scale-up in renewable and thermal capacity. The outsized growth in EBIDT and profits versus revenue highlights powerful operating leverage, reinforcing its position as a key beneficiary of India’s energy transition.