MUMBAI: JSW Energy has declared its December ending Quarter 2018 results where the total revenue increased by 20% on a YoY basis to Rs.2,492crore from Rs.2,081crore in the corresponding quarter of previous year primarily attributable to better realisations from both merchant and PPA customers.

The fuel cost for the quarter increased by 24% YoY to Rs. 1,447 crore, primarily due to Rupee depreciation further exacerbated by increase in imported coal prices.

EBITDA for the quarter was Rs. 809 crore as against Rs.673 crore in the corresponding quarter of previous year, an increase of 20%. Finance costs declined to Rs.295 crore from Rs.341 crore in the corresponding quarter of previous year due to proactive prepayment / repayment / refinancing of borrowings.

The Company’s Net Profit more than trebled to Rs.146 crore from Rs.47 crore in the corresponding quarter of previous year. Total Comprehensive Income of the Company for the quarter stood at Rs.(330) crore as against Rs.189 crore in the corresponding period of previous year. 

The Consolidated Net Worth and Consolidated Net Debt as on December 31, 2018 were Rs.11,904 crore and Rs.10,686 crore respectively resulting in a Net Debt to Equity ratio of 0.90x.

The Board has reappointed Mr. Sajjan Jindal as the Chairman of the Company, said a company press release.