JSW Energy has announced a 68% drop in its net profit for Q4 2023. The decline has been attributed to lower margins and increased operational expenses. The firm’s net profit for the quarter ended March 2023 was INR 282.03 crore (~$37.2m), compared to INR 877 crore (~$115.5m) during the same period last year. Despite this, revenue from operations rose by 9% to INR 2,669.9 crore (~$351.2m) due to higher sales. The company has also signed a PPA with the Solar Energy Corporation of India for wind projects totalling 300 MW.
