JSW Energy shares climb 5% as quarterly profit rises 38%
JSW Energy's second-quarter net profit rose 38% year on year. The board approved raising up to Rs 5,000 crore through debentures.
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what happened
JSW Energy shares gained more than 5% on Thursday, October 29, after the company reported its second-quarter results for fiscal 2026-27, according to TradingView. Consolidated net profit for July to September rose 38% year on year to Rs 1,141 crore, while total income climbed to Rs 6,657.71 crore.
The board also approved raising long-term funds of up to Rs 5,000 crore through rated, listed non-convertible debentures on a private placement basis, with the finance committee empowered to set the final terms.
why it matters
Profit growth supports the stock, but brokerages are divided. CLSA kept a Hold rating and cut its target to Rs 522, citing slower EBITDA growth and lower tariffs, while Jefferies maintained a Buy with a Rs 720 target, pointing to operating performance ahead of its estimates.
market impact
JSW Energy shares: results ahead of expectations support the stock, while analyst views diverge
- JSW Energy shares pressure up — 38% profit growth and higher revenue support the stock
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instruments
sources
- JSW Energy shares rise 5% after Q2 profit jumps 38%; Jefferies says ‘Buy’ — TradingView, 29 October 2026 at 05:50 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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