JSW Energy has posted a net profit of Rs. 214.3 Crore in the quarter ended June 2013 which in corresponding period last year was Rs. 3.41 Crore.
Some other financials as released by the company are:
- Total income from operations in the latest quarter rose to Rs. 2,471.96 crore. In the 2012 June quarter, the same stood at Rs. 2,191.54 crore.
- The fuel cost during the quarter was Rs. 1,062 crore, a decrease of 8 per cent over corresponding quarter of the previous year.
- At the end of June 2013 quarter, the firm's consolidated net worth touched Rs. 6,432 crore while overall debt reached Rs. 10,625 crore.
Company's views on the current power sector scenario are:
- Key issues such as standard bidding guidelines, fuel availability and long term power procurements are yet to be addressed.
- The imported coal prices are expected to remain benign due to subdued global demand and depreciation of currencies of the coal exporting countries against the US dollar.
- Merchant power prices to be under pressure with commissioning of additional generation capacities and slowdown in demand growth, while the congestion in transmission corridor is likely to keep prices relatively higher in southern region compared to other parts.
Currently the company is having the installed generation capacity of more than 3,140 MW. Further it has received all requisite environmental approvals and land acquisition is progressing satisfactorily for the 240 MW hydro power project at Kutehr, Himachal Pradesh.
Shares of the company, on Friday, ended at Rs. 44 on the BSE, down 0.90 per cent from the previous close.
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