JSW Energy reports 59% fall in Q2 consolidated net profit

JSW Energy has reported results for second quarter ended September 30, 2016.

The company has reported a net loss of Rs 8.31 crore for the quarter ended September 30, 2016 as compared to a net profit of Rs 243.57 crore for the same quarter in the previous year. Total income of the company decreased by 42.10% at Rs 890.01 crore for the quarter under review as compared Rs 1537.20 crore for the corresponding quarter previous year. 

On the consolidated basis, the company has reported 59.27% fall in its net profit after taxes, minority interest and share of profit of associates at Rs 217.39 crore for the quarter ended September 30, 2016 as compared to Rs 533.77 crore for the same quarter in the previous year. Total Income of the company has decreased by 23.71% to Rs 2098.64 crore for quarter under review from Rs 2750.98 crore for the quarter ended September 30, 2015.