JSW Energy Second Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

JSW Energy (NSE:JSWENERGY) Second Quarter 2023 Results

Key Financial Results

• Revenue: ₹26.0b (up 24% from 2Q 2022).
• Net income: ₹4.66b (up 37% from 2Q 2022).
• Profit margin: 18% (up from 16% in 2Q 2022).
  • The increase in margin was driven by higher revenue.
• EPS: ₹2.85 (up from ₹2.07 in 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

JSW Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Renewable Energy industry in Asia.

Performance of the market in India.

The company's shares are up 1.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for JSW Energy you should be aware of, and 1 of them makes us a bit uncomfortable.

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