JSW Energy Limited has informed the Exchange regarding Board meeting held on May 15, 2025.
JSWENERGY · price
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JSW Energy's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone FY25 revenue from operations was Rs. 3,939.31 Cr with profit after tax of Rs. 1,221 Cr (vs Rs. 950.22 Cr in FY24) and basic EPS of Rs. 7.01. The board recommended a dividend of Rs. 2 per share (20%) for FY25, subject to shareholder approval at the 31st AGM on July 11, 2025. It also approved raising up to Rs. 10,000 Cr through private offerings, preferential allotment, QIP, or other methods. Mr. Desh Deepak Verma was re-appointed as Independent Director for a second 5-year term, and Mr. Aditya Agarwal was appointed as COO - Renewable effective June 16, 2025. Purwar & Purwar Associates LLP was recommended as the new Secretarial Auditor for 5 years from FY26. The board also noted completion of the KSK Mahanadi Power Company acquisition (74% stake) on March 6, 2025.
Positive earnings momentum with PAT up ~28% YoY on standalone basis and a modest 20% dividend. The Rs. 10,000 Cr fund-raising approval signals significant capital expenditure plans, likely tied to renewable expansion and the recently acquired KSK Mahanadi asset, which may lead to dilution depending on the route used. Book closure from June 7-13, 2025 determines dividend eligibility.