JSW Energy · tone and specificity signals across the available quarters.
Language signals
This is a landmark quarter for JSW Energy. We delivered one of the largest single quarter capacity additions in our history and among the highest in the sector, adding 873 megawatt during the quarter, taking cumulative capacity additions to almost 1.1 gigawatt till date.
Net debt to TTM EBITDA ratio stands at roughly 4.95 times, comfortably within our financial guard rails and a substantial improvement from the 5.2 times we reported in FY26.
India's industrialization, urbanization and rising per capita consumption underpin a clear 5 to 6% long-term CAGR in power demand.
The quarter second quarter of this current phase group has a pivotal turnaround for the power sector. We have witnessed a significant uptick in power demand in quarter 2 which witnessed 3.3% year on year.
We have pro-actively de-risked our portfolio by tying our imported coal based mega watts with our group company JSW Steel and others. This strategic move has significantly reduced our exposure to merchant volatility and ensured stable returns.
We continue to maintain our hurdle rate and we will not for the sake of building a portfolio we are not going to build a portfolio if it is not meeting our hurdle rate.
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.
We are absolutely insulated for next one year to two years from connectivity challenge. Reason is two steps what we took has secured us from this uncertainty.
The capacity addition represents a significant year-on-year growth of approximately 64% up from 8.1 GW in the same period last year.
This is still one of the lowest tariff state is seeing. As compared to the almost 12 GW of bidding which has happened during last one year in thermal space, this is a very good tariff.
FY26 has been an exciting year where we began to translate the bold ambitions of our strategy 3.0 into hard business outcomes.
The central message is that significant capacity additions we have executed over the past several quarters are now visibly converting into higher generation volumes and stronger cash flows.
We are absolutely certain that the current 3 GW in the current year we absolutely certain that this will be there.