Mumbai: JSW Energy Limited Wednesday reported its results for the fourth quarter ended March 31, 2020. The company has posted a net profit of Rs 108 crore as against Rs4 crore posted in the corresponding fourth quarter of last fiscal.
During the quarter, total revenue, however, declined by 8% on a YoY basis to Rs 1,848 crore from Rs 2,018 crore in the corresponding quarter of previous year primarily due to lower long-term sales and decline in fuel cost. The fuel cost for the quarter decreased by 16% YoY to Rs 996 crore due to moderation in the imported coal prices and lower generation.
EBITDA for the quarter increased 10% to Rs 629 crore from Rs 570 Crore in the corresponding quarter of previous year.
Finance costs declined to Rs 248 crore from Rs 276 crore in the corresponding quarter of previous year, attributable to proactive debt repayment/prepayment.
The net generation at various locations/plants is furnished below:
(Figures in Million Units)
| Location/ Plant | Q4FY20 | Q4FY19 |
| Vijayanagar | 593 | 649 |
| Ratnagiri | 1,705 | 1,793 |
| Barmer | 1,346 | 1,377 |
| Himachal Pradesh | 429 | 397 |
| Nandyal | 29 | – |
| Solar | 4 | – |
| Total | 4,105 | 4,216 |
Short term sales during the quarter were higher at 736 million units as compared to 567 million units in Q4FY19 due to higher short term sales at both Ratnagiri and Vijayanagar plants.
Is that on Acquisitions:
– GMR Kamalanga Energy Ltd: The transaction has been put on hold given the ongoing uncertainty and will be revisited once the situation normalizes
Ind-Barath Energy (Utkal) Ltd: Approval by National Company Law Tribunal under process for the resolution plan submitted by the Company
· Focus on Balance Sheet strength continues; During the quarter, Company reduced its Net Debt^ by `585 Crore; Net Debt^ to Equity at 0.77x
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Consolidated Operational Performance:
PLF achieved during Q4FY20 at various locations/plants are furnished below:
Vijayanagar: The plant achieved an average PLF of 34.3% vis-a-vis 37.4% in the corresponding quarter of previous year due to back-down by long term customers.
Ratnagiri: The plant operated at an average PLF of 71.0% as against 75.7% in the corresponding quarter of previous year due to back-down by long term customers.
Barmer: The plant achieved an average PLF of 63.2% as against 65.4% in the corresponding quarter of previous year due to back-down by long term customers.
Himachal Pradesh: The plants achieved an average PLF of 15.2% for the quarter vis-à-vis 14.3% in the corresponding quarter of previous year due to better water availability.
Nandyal: The plant achieved an average PLF of 80.9% during the quarter.
Solar: The plants at Nandyal and Salboni achieved average CUF of 19.8% and 19.9% respectively during the quarter
