JSW Energy declines on reporting 48% fall in Q1 consolidated net profit
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JSW Energy is currently trading at Rs. 287.60, down by 5.45 points or 1.86% from its previous closing of Rs. 293.05 on the BSE.
The scrip opened at Rs. 293.05 and has touched a high and low of Rs. 296.55 and Rs. 283.25 respectively. So far 89878 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 369.00 on 05-Sep-2022 and a 52 week low of Rs. 204.80 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 315.85 and Rs. 282.05 respectively. The current market cap of the company is Rs. 47045.95 crore.
The promoters holding in the company stood at 74.66%, while Institutions and Non-Institutions held 14.77% and 10.57% respectively.
JSW Energy has reported 51.78% fall in its net profit at Rs 166.00 crore for first quarter ended June 30, 2023 (Q1FY24) as compared to Rs 344.22 crore for the same quarter in the previous year. Total income of the company decreased by 22.55% at Rs 1561.44 crore for Q1FY24 as compared Rs 2016.12 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 47.66% fall in its net profit at Rs 290.35 crore for the quarter ended June 30, 2023 as compared to Rs 554.78 crore for the same quarter in the previous year. Total income of the company marginally decreased by 3.28% at Rs 3013.22 crore for Q1FY24 as compared Rs 3115.33 crore for the corresponding quarter previous year.
