In Week of Mar 28, 2026, JSW Energy Ltd (Power - Generation/Distribution) is outperforming Nifty 500 with +12.7% relative strength. Fundamentals: Average. On a 4-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Mar 7, 2026
What: 13.3 GW total capacity (up 64% YoY) with 82% under LT PPAs driving generation growth
Impact: +₹1500 Cr revenue
“Net generation grew 62% YoY to 39.6 billion units with 82% under LT PPAs”
What: 27% hydro generation growth vs 13% national average due to Kuttehar plant
Impact: +₹200 Cr revenue
“Hydro generation grew 27% YoY vs national average increase of 13%”
What: India's largest green hydrogen plant now operational at Vijayanagar
“Successfully commissioned India's largest green hydrogen plant marking decarbonization milestone”
Earnings deceleration risks from management commentary
Trigger: Ongoing tariff pressure
Impact: -300 bps margin impact
Management view: Management acknowledged standalone revenue impact but didn't quantify annualized effect
Monitor: Standalone revenue trends
Trigger: Continued low merchant prices
Impact: -150 bps margin impact
Management view: Merchant power market remained soft with day-ahead prices declining sequentially and YoY
Monitor: Merchant power price trends
Trigger: PPA negotiation delays
Management view: Facing challenges converting LOAs to PPAs with some pending for quite some time
Monitor: LOA to PPA conversion rate
Key quotes from recent conference calls
“In this quarter for the nine month period ended FY26 net generation grew by 62% rising from 24.4 billion units to 39.6 billion. Notably, long term PPAs accounted for 82% of total power sales and registered a 63% year on year increase in quarter three — Sharad Mahendra”
“Further, hydro generation grew 27% year on year versus the national average increase of 13% during the quarter benefiting from improved hydrology and contribution from our new Kuttehar plant in Himachal — Sharad Mahendra”
“The key takeaway is that the robust capacity additions undertaken so far have now begun translating into higher energy generation as well as cash flows and we expect this momentum to improve going forward — Sharad Mahendra”
“As we add capacities, initial returns are lower due to higher interest and depreciation. However, as these stabilize, returns at the PBT level will improve. We are in an execution phase, and seasonal factors also affect quarterly results — Management”
Forward-looking targets from management for Next 2-4 quarters
Implied PAT Growth
30%
Key Milestones
• LOA to PPA conversion
• Interest cost stabilization
• Green hydrogen commercialization
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +67% | +13% | Stable |
| PAT (Net Profit) | +237% | +4% | Stable |
| OPM | 50.0% | +1300 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Mar 7, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
JSW Energy Ltd's latest quarterly results (Dec 2025) show
JSW Energy Ltd's profit is growing with an stable trend.
JSW Energy Ltd's revenue growth trend is stable.
JSW Energy Ltd's operating margin is volatile.
JSW Energy Ltd's long-term compounding rates
JSW Energy Ltd's earnings growth is stable with weakening on a sequential basis.
JSW Energy Ltd's trailing twelve month (TTM) performance
JSW Energy Ltd appears undervalued based on our fair value analysis.
JSW Energy Ltd's current PE ratio is 36.8x.
JSW Energy Ltd's current PE is 36.8x.
JSW Energy Ltd's price-to-book ratio is 2.9x.
JSW Energy Ltd is rated Average with a fundamental score of 47/100. This score is calculated from objective financial metrics
JSW Energy Ltd has a debt-to-equity ratio of N/A.
JSW Energy Ltd's return ratios over recent years
JSW Energy Ltd's operating cash flow is positive (FY2025).
JSW Energy Ltd's current dividend yield is 0.41%.
JSW Energy Ltd's shareholding pattern (Dec 2025)
JSW Energy Ltd's promoter holding has remained stable recently.
JSW Energy Ltd has been outperforming Nifty 500 for 4 consecutive weeks, indicating building momentum.
JSW Energy Ltd is an established outperformer with 4 weeks of consecutive Nifty 500 outperformance.
JSW Energy Ltd has 3 key growth catalysts identified from recent earnings analysis
JSW Energy Ltd has 3 key risks worth monitoring
In Q3 FY26, JSW Energy Ltd's management highlighted
JSW Energy Ltd's management has provided the following forward guidance for Next 2-4 quarters
Based on quantitative research signals, here is why JSW Energy Ltd may be worth studying
JSW Energy Ltd investment thesis summary:
JSW Energy Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
