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JSW Energy 's fourth quarter (January-March) consolidated net profit fell 48 percent year-on-year to INR 174.6 crore due to higher charge of interest and depreciation on capitalisation of units. Topline, bottomline and operating profit were lower than analysts' expectations but margin beat forecast. According to CNBC-TV18 poll estimates, analysts had expected the company to report profit of INR 243 crore on revenue of INR 2,209 crore for the quarter.

Consolidated total income slipped 10.5 percent to INR 2,058.3 crore from INR 2,301 crore during the same period. Operating profit declined 6.3 percent on yearly basis to INR 746 crore due to lower generation but margin expanded 160 basis points to 36.2 percent in the quarter ended March 2014, which were expected at INR 784 crore and 35.5 percent, respectively.

The company achieved an average deemed plant load factor (PLF) of 62 percent in Q4FY14 and a net generation of 3,577 million units during the quarter on an installed capacity of 3,140 MW. "The drop in consolidated PLF was primarily due to shut down of Barmer plant for part of the quarter due to non-availability of lignite and non-availability of schedule for certain units," says the company in its filing.

Source-On Request