JSW Energy falls despite reporting 88% rise in Q2 consolidated net profit
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JSW Energy is currently trading at Rs. 385.10, down by 3.05 points or 0.79 % from its previous closing of Rs. 388.15 on the BSE.
The scrip opened at Rs. 408.85 and has touched a high and low of Rs. 410.75 and Rs. 382.20 respectively. So far 350938 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 449.00 on 03-Oct-2023 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. 408.70 and Rs. 382.05 respectively. The current market cap of the company is Rs. 63065.09 crore.
The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 18.07% and 8.54% respectively.
JSW Energy has reported 22.39% rise in its net profit at Rs 191.01 crore for second quarter ended September 30, 2023 (Q2FY24) as compared to Rs 156.07 crore for the same quarter in the previous year. However, total income of the company decreased by 8.44% at Rs 1,191.07 crore for Q2FY24 as compared Rs 1,300.87 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 87.66% rise in its net profit at Rs 856.79 crore for Q2FY24 as compared to Rs 456.57 crore for the same quarter in the previous year. Total income of the company increased by 30.47% at Rs 3,387.36 crore for Q2FY24 as compared Rs 2,596.27 crore for the corresponding quarter previous year.
