Friday, January 21, 2011

JSW Energy Q3 Results for Quarter Ended December 31, 2010


JSW Energy Ltd has announced the following Unaudited results for the quarter ended December 31, 2010:

The Company has posted a net profit Rs 1228.60 million for the quarter ended December 31, 2010 where as the same was at Rs 2370.50 million for the quarter ended December 31, 2009. Total Income is Rs 9851.70 million for the quarter ended December 31, 2010 where as the same was at Rs 7124.20 million for the quarter ended December 31, 2009.

The Hon'ble High court of Mumbai has approved the Scheme of Amalgamation of JSW Energy (Ratnagiri) Ltd. (JSWERL), a wholly owned subsidiary of the Company, vide its Order dated September 24, 2010 which became effective on November 02, 2010 with appointed date as April 01, 2010. The above financial results have been prepared after giving effect to the said Scheme. The figures for the quarter ended December 31, 2010 includes figures for the erstwhile JSWERL for the period April 01, 2010 to September 30, 2010 and hence not comparable.

The Consolidated Results are as follows :

The Unaudited consolidated results for the Quarter ended December 31, 2010

The Group has posted a net profit after tax after Share of Profit / (Loss) of Minority of Rs 1528.40 million for the quarter ended December 31, 2010 where as the same was at Rs 2048.70 million for the quarter ended December 31, 2009. Total Income is Rs 11101.20 million for the quarter ended December 31, 2010 where as the same was at Rs 7110.10 million for the quarter ended December 31, 2009.

The Operating Results for the current Quarter and Nine months ended an December 31, 2010 are in respect of 2X130 MW Thermal Power Plant and 2X300 MW Thermal Power Plant, both located at Toranagallu, Karnataka and 2 X 300 MW Thermal Power Plant located at Ratnagiri, Maharashtra. The figures of the corresponding quarter and nine months ended in the previous year are for 2X130 MW Thermal Power Plant and 2X300 Thermal Power Plant, Karnataka and hence not comparable.

Source: BSE Corporate Announcements

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