05-08-2025
JSW Energy shares rally over 7% in 2 days. Here's why
JSW Energy shares saw a sharp uptick, buoyed by the commissioning of a key hydro unit and robust Q1 results. Strong earnings, significant capacity additions, and a positive outlook on long-term agreements and energy storage plans fueled investor optimism.
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Q1 an 'inflection point'
Stock performance and technical outlook
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Shares of JSW Energy rose for a second straight session on Tuesday, gaining 7.1% over two days, after the company commissioned a key hydro unit and posted strong quarterly earnings. The stock climbed as much as 1.9% during the session to hit an intraday high of Rs 548.05 on the interest was buoyed by the commissioning of the first 80 MW unit of JSW Energy 's 240 MW Kutehr Hydro Electric Project in Himachal Pradesh. In an exchange filing, the company said, 'The company has successfully commissioned one 80 MW unit of the 240 MW Kutehr Hydro Electric Project (KHEP) and commenced supply of power under the 240 MW Power Purchase Agreement with Haryana Power Purchase Centre.''The second unit of 80 MW of the 240 MW KHEP has also been successfully synchronised with the grid and is under testing and trial run. The commissioning activity for the third unit of 80 MW of the 240 MW KHEP is under progress,' the filing commissioning comes on the heels of a strong earnings report last week. For the April–June 2025 quarter, JSW Energy reported a 42.4% year-on-year jump in consolidated net profit to Rs 743 crore, driven by a sharp scale-up in both renewable and thermal generation Revenue surged 78.6% YoY to Rs 5,143 crore during Q1 FY26, while EBITDA nearly doubled to Rs 2,789 crore during the quarter, up 96.8% from a year earlier. Operating margins improved to 54.2% from 49.2% in the same period last company commissioned 1,893 MW of capacity during the quarter, including 1,343 MW from the acquisition of Mytrah Energy (now O2 Power) and 550 MW from organic renewable additions. Its total installed capacity rose 70% YoY to 12,768 Mahendra, Joint MD & CEO, described the June quarter as an 'inflection point,' citing 'disciplined investments, improved earnings quality, and capacity under long-term agreements.'Thermal generation at the Vijayanagar plant surged 124% YoY, supported by new captive power purchase agreements (PPAs). JSW Energy signed 605 MW of new PPAs during the quarter and an additional 450 MW company closed the quarter with 13 GW under construction and a total locked-in capacity of 30.3 GW. It aims to scale up to 30 GW of generation and 40 GWh of energy storage by the recent rally, shares of JSW Energy remain down 15.4% so far in 2025 and have declined 20.4% over the past 12 months. The stock is up 6.4% over the last a technical perspective, the stock is currently trading above seven of its eight key simple moving averages (SMA), including the 5-day through 150-day SMAs, but remains below its 200-day SMA. The Relative Strength Index (RSI) stands at 59.3, indicating the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 2.3, above the centre line but below the signal of the JSW Group, JSW Energy is a private sector power producer with operations across power generation and transmission. Since starting commercial operations in 2000, the company has expanded its capacity from 260 MW to 10 GW ahead of its FY2025 target, with diversified assets across geographies, fuel types and offtake arrangements.
