The transcript of the Results Conference Call held on Monday, 11th May 2026, at 4.00 p.m. (IST), to discuss the Company's audited Standalone and Consolidated Financial Results for the ....
JSWENERGY · price
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JSW Energy reported its highest-ever annual EBITDA of ₹11,041 crore in FY2026, with Q4 revenue growing 39% YoY to ₹4,851 crore and EBITDA up 72% to ₹2,602 crore. The company added 2.6 GW of capacity during FY2026 (50% organic, 50% via acquisitions including O2 Power), taking total operational base to 13.45 GW. Net generation rose 48% YoY to 11.7 BU in Q4, driven by 68% growth in renewable generation. FY27 capacity addition guidance is approximately 3 GW (35-40% wind, rest solar), with ₹20,000 crore capex planned. The company has 14 GW under construction fully tied under PPAs, with locked-in capacity at 32.1 GW and locked-in storage at 29.6 GWh. Net Debt/EBITDA stands at 5.2x (excluding CWIP debt) with ample liquidity exceeding ₹10,000 crore. Cost of debt reduced by 67 bps to 8.36%. The battery assembly facility in Pune was commissioned in Q4 FY26, and blade manufacturing facility expected in H1 FY27. KSK Mahanadi delivered EBITDA of over ₹3,300 crore in FY26, with steady state guidance at ₹2,700 crore. Working capital improved with debtor days at 62 vs 76 YoY.
Strong operational performance with record EBITDA demonstrates successful integration of acquired assets and execution of capacity expansion. The company's 30 GW by 2030 target appears achievable with 32.1 GW locked-in capacity. Focus on cost efficiencies and merchant realization premium supports margin resilience.