JSW Energy Q4 net profit up nearly 4% at Rs 234.29 cr

JSW Energy today reported nearly 4 percent jump in net profit at Rs 234.29 crore for the fourth quarter ended March 31, 2015 mainly due to decline in fuel cost.

The company had reported net profit of Rs 225.65 crore in the same quarter of the last financial year (2013-14), JSW Energy said in a regulatory filing to BSE.

However, JSW Energy's total income from operations was down 6.9 percent to Rs 1,420.04 crore in the reported quarter from Rs 1,525.29 crore in the fourth quarter of 2013-14.

The fuel cost of the company came down to Rs 793.96 crore during the January-March 2015 quarter, compared to Rs 917 crore in the same period last fiscal.

"Board of Directors of the company has recommended payment of dividend of Rs 2 per equity share of Rs 10 each on the paid up equity capital of the company for the year ended March 31, 2015," JSW Energy said. The payment of dividend is subject to the approval of shareholders of the company.

JSW Energy reported a net profit of Rs 994.55 crore for the fiscal ended March 31, 2015 as compared to Rs 602.48 crore in the last fiscal, up 65 percent.

Total income from operations of the company during the fiscal rose by 9.1 percent to Rs 6,331.95 crore from Rs 5,802.61 crore in the previous financial year (2013-14).

JSW Energy produces 3,140 MW of power, with a capacity of another 8,630 MW under implementation and development.

Shares of the company were trading on the BSE at Rs 107.60 apiece in the afternoon, down 6.27 percent from the previous close.