| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 6,368 | 5,177 | +23.0% |
| EBITDA | 3,618 | 2,996 | +20.7% |
| EBITDA margin | 56.8% | 57.9% | −1.1 pts |
| Profit before tax | 1,349 | 954 | +41.4% |
| Net profit | 1,141 | 824 | +38.4% |
| EPS | ₹5.77 | ₹4.04 | +42.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 84,823 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 7,470 | 7,407 | 5,335 | 4,181 | 4,493 | ||
| 3,085 | 2,826 | 1,724 | 183 | 105 | ||
| 75,846 | 75,846 | 49,621 | 31,327 | 24,817 | ||
| 1,56,284 | — | — | — | — | ||
| 20,156 | 18,901 | 11,745 | 11,486 | 10,332 | ||
| — | +60.9% | +2.3% | +11.2% | — | ||
| 10,770 | 10,064 | 5,221 | 5,382 | 3,282 | ||
| 53.4% | 53.3% | 44.5% | 46.9% | 31.8% | ||
| 7,299 | 6,879 | 3,566 | 3,748 | 2,113 | ||
| 2,776 | 2,762 | 1,983 | 1,725 | 1,480 | ||
| 13.8% | 14.6% | 16.9% | 15.0% | 14.3% | ||
| ₹13.20 | ₹12.75 | ₹11.11 | ₹9.81 | ₹8.41 | ||
| — | +14.8% | +13.2% | +16.6% | — | ||
| — | 9,898 | 3,838 | 6,234 | 2,084 | ||
| — | −10,310 | −6,709 | −8,033 | −4,236 | ||
| −412 | −412 | −2,870 | −1,799 | −2,152 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 84,823.5 | |
| - Cash, Equiv & ST Investments | 4,493.4 | 4,180.8 | 5,335.1 | 7,407.3 | 7,470.5 | |
| + Minority Interest | 105.4 | 182.5 | 1,723.6 | 2,825.9 | 3,085.1 | |
| + Total Debt | 24,817.2 | 31,326.6 | 49,621.3 | 75,846.1 | 75,846.1 | |
| Enterprise Value | — | — | — | — | 1,56,284.2 | |
| Revenue | 10,331.8 | 11,485.9 | 11,745.4 | 18,901.1 | 20,155.9 | |
| Growth %, YoY | — | +11.2 | +2.3 | +60.9 | — | |
| EBITDA | 3,281.8 | 5,381.8 | 5,220.8 | 10,064.4 | 10,770.0 | |
| Margin % | 31.76 | 46.86 | 44.45 | 53.25 | 53.43 | |
| EBIT | 2,112.6 | 3,748.4 | 3,566.2 | 6,879.1 | 7,299.3 | |
| Net Income | 1,480.1 | 1,724.7 | 1,982.9 | 2,762.4 | 2,776.0 | |
| Margin % | 14.33 | 15.02 | 16.88 | 14.62 | 13.77 | |
| EPS, Adj (current shares) | 8.41 | 9.81 | 11.11 | 12.75 | 13.20 | |
| Growth %, YoY | — | +16.6 | +13.2 | +14.8 | — | |
| Cash from Operations | 2,084.3 | 6,233.6 | 3,838.5 | 9,898.3 | — | |
| Capital Expenditures | -4,236.3 | -8,032.8 | -6,708.6 | -10,310.5 | — | |
| Free Cash Flow | -2,152.0 | -1,799.1 | -2,870.1 | -412.2 | -412.2 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
JSW Energy (NSE: JSWENERGY) had a market capitalisation of ₹93,484 crore at the 29 October 2026 close (₹510.00 a share), a PE ratio of 40.3 on the last four quarters' profit and a price-to-book ratio of 2.55. In FY26 its consolidated net profit attributable to shareholders was ₹2,239 crore on revenue of ₹18,901 crore; in Q2 FY27 (July–September 2026) it was ₹1,056 crore, up 49.9% year on year. Its debt-to-equity ratio was 2.04 on 30 September 2026. Promoters held 66.53% of the shares on 30 September 2026.
JSW Energy's PE ratio is 40.3 at the 29 October 2026 close (₹510.00 a share): a market capitalisation of ₹93,484 crore divided by consolidated net profit attributable to shareholders of ₹2,319 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹2,239 crore) it is 41.7.
JSW Energy's price-to-book (PB) ratio is 2.55 at the 29 October 2026 close: a market capitalisation of ₹93,484 crore divided by shareholders' equity (book value) of ₹36,710 crore on 30 September 2026. That is a book value of ₹200.27 per share against a share price of ₹510.00.
JSW Energy's net worth — shareholders' equity in its consolidated balance sheet — was ₹36,710 crore on 30 September 2026, up 26.0% from ₹29,124 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹93,484 crore at the 29 October 2026 close.
JSW Energy's market capitalisation was ₹93,484 crore at the 29 October 2026 close: 183.3 crore shares at ₹510.00 each.
JSW Energy's basic earnings per share (EPS) were ₹12.82 in FY26, against ₹11.19 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹12.94.
In 2026, JSW Energy has declared one dividend: ₹2 with record date 5 June 2026.
No. JSW Energy had borrowings of ₹81,274 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 2.04. Its cash and current investments were ₹9,600 crore, so its net debt was ₹71,673 crore.
JSW Energy's debt-to-equity ratio was 2.04 on 30 September 2026: borrowings of ₹81,274 crore against total equity of ₹39,795 crore. A year earlier, on 30 September 2025, it was 2.16.
JSW Energy's dividend yield is 0.39% at the 29 October 2026 close: dividends of ₹2 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹510.00. They were ₹2 on 5 June 2026.
In FY26, JSW Energy's return on equity (ROE) was 7.7% and its return on capital employed (ROCE) was 7.6%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 8.1% and ROCE 5.5%.
On 30 September 2026, JSW Energy's shares were held by promoters 66.53%, foreign portfolio investors (FII/FPI) 10.91%, domestic institutions (DII) 16.71% (including mutual funds at 7.55%) and retail and other non-institutional investors 5.82%. Over the year, FII holding was down 1.22 percentage points from 12.13% and DII holding was up 5.15 percentage points from 11.56%.
JSW Energy's latest results are for Q2 FY27 (July–September 2026): consolidated net profit attributable to shareholders ₹1,056 crore, up 49.9% from ₹705 crore in Q2 FY26; revenue from operations ₹6,368 crore, up 23.0% year on year.
JSW Energy's book value per share was ₹200.27 on 30 September 2026: shareholders' equity of ₹36,710 crore divided by the 183.3 crore shares in issue, up 20.1% from ₹166.75 a year earlier. The share price at the 29 October 2026 close was ₹510.00.
Promoters held 66.53% of JSW Energy on 30 September 2026, unchanged from the previous quarter and down 2.74 percentage points from 69.27% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, JSW Energy generated ₹9,898 crore of cash from operations and spent ₹10,310 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹412 crore. In FY25 it was −₹2,870 crore.
In FY26 (April 2025–March 2026), JSW Energy's consolidated net profit attributable to shareholders was ₹2,239 crore, up 14.8% from ₹1,951 crore in FY25, on revenue from operations of ₹18,901 crore (up 60.9%). Over three years, from FY23, net profit was up 51.5%.
JSW Energy has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, JSW Energy's PE ratio is 41.7, the highest of the four: Tata Power 29.4, Adani Power 28.7 and NTPC 11.1, a peer average of 23.1. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Tata Power, Adani Power and NTPC: JSW Energy's operating margin of 36.4% is the highest of the four (Tata Power 13.3%, Adani Power 28.1%, NTPC 19.0%; peer average 20.1%); its return on equity of 7.7% is the lowest of the four (Tata Power 10.0%, Adani Power 21.2%, NTPC 14.0%; peer average 15.0%); its revenue growth over three years of 22.3% a year is the highest of the four (Tata Power 4.2% a year, Adani Power 11.8% a year, NTPC 2.1% a year; peer average 6.1% a year).
In FY26, JSW Energy earned net profit attributable to shareholders of ₹2,239 crore on revenue of ₹18,901 crore, against ₹3,747 crore on ₹62,429 crore for Tata Power. JSW Energy's operating margin was 36.4% (Tata Power 13.3%) and its return on equity 7.7% (Tata Power 10.0%). At the 29 October 2026 close, JSW Energy's market capitalisation was ₹93,484 crore against ₹1,10,104 crore for Tata Power, and its PE ratio on FY26 profit 41.7 against 29.4.
From JSW Energy's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.