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JSW Energy Stock Plunges Despite Profit Surge
12 May
Summary
- JSW Energy shares dropped over 7% on May 12, 2026.
- The company reported a 38% year-over-year profit increase.
- A dividend of ₹2 per share was recommended for FY26.
On May 12, 2026, JSW Energy's stock price declined by over 7% to ₹525.40, despite the company reporting a robust 38% year-over-year increase in its consolidated net profit for the March 2026 quarter, reaching ₹574 crore. Revenue for the same period grew to ₹4,851 crore from ₹3,497 crore in the prior year.
The company's installed capacity expanded by 118 MW during the quarter, bringing its total to 13.45 GW. For the full fiscal year 2026, JSW Energy posted a net profit of ₹2,762 crore, up from ₹1983 crore in FY25. Additionally, the board proposed a dividend of ₹2 per equity share, with June 5, 2026, designated as the record date for determining eligibility.
Analysts noted that the fourth quarter was softer than anticipated, with revenue missing estimates. Motilal Oswal Financial Services maintained a 'Buy' rating on the stock, setting a target price of ₹640, suggesting a potential upside of over 20% from the current market price.
