JSW Energy | CMP: Rs 325 | The stock price dipped over 5 percent on October 11. JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has received a Letter of Intent from the Government of Himachal Pradesh for allotment of 126 MW Chhatru Hydro Electric Power Plant (HEP) on BOOT basis, with an operational life of 40 years.

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HDFC Securities has come out with its third quarter (October-December’ 22) earnings estimates for the Power sector. The brokerage house expects JSW Energy to report net profit at Rs. 322.1 crore up 0.4% year-on-year (down 29.4% quarter-on-quarter).

Net Sales are expected to increase by 15.4 percent Y-o-Y (down 8.5 percent Q-o-Q) to Rs. 2,184.7 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 6.8 percent Y-o-Y (down 17.1 percent Q-o-Q) to Rs. 737.5 crore.

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JSW Energy Q3 PAT seen up 0.4% YoY to Rs. 322.1 cr: HDFC Securities

Net Sales are expected to increase by 15.4 percent Y-o-Y (down 8.5 percent Q-o-Q) to Rs. 2,184.7 crore, according to HDFC Securities.