Mumbai : JSW Energy reported 14.75% decline in consolidated net profit to Rs 277.45 crore for the June quarter on lower generation and marginal fall in average realisation. Total income for the first quarter of 2015-16 stood at Rs 2,106.99 crore, as against Rs 2,558.32 crore in the year-ago period – down 17.64 %. “The decline in profit is primarily due to lower generation and a marginal decline in average realisation,” JSW said in a statement. During the quarter, the net generation declined to 4,480 million units (MU), as against 5,006 MU in the previous year.
“The lower PLF was due to planned maintenance shutdown of identified units at Ratnagiri and Vijayanagar and weak demand leading to frequent back down,” the company said.
