)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
JSW Energy
JSW Energy (533148) investor relations material
JSW Energy Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary23 Jan, 2026
Executive summary
Q3 FY26 saw a 65% year-on-year increase in power sales and net generation, with EBITDA up 98% and PAT up 150%, driven by capacity additions, acquisitions, and the commissioning of India's largest green hydrogen plant.
Installed capacity reached 13.3 GW, up 64% YoY, with 125 MW added in Q3 and significant progress on Salboni, Utkal, and green hydrogen projects.
Over 95% of total capacity is now tied up in long-term PPAs, reducing merchant market exposure and ensuring stable returns.
Major acquisitions (O2 Power, KSK Mahanadi) and project signings contributed significantly to earnings and future growth.
All under-construction projects are secured under long-term PPAs, supporting earnings visibility.
Financial highlights
Q3 FY26 revenue rose 61% YoY to ₹4,255 crore, with EBITDA up 98% to ₹2,202 crore and PAT up 150% to ₹420 crore; cash PAT for Q3 at ₹570 crore, up 12% YoY.
Net debt stood at ₹63,771 crore as of Dec 31, 2025, with Net Debt to Equity at 2.2x and Net Debt to Proforma Steady-state EBITDA at 4.9x.
Receivables DSO reduced to 73 days from 96 YoY; cash and equivalents at ₹7,159 crore.
EBITDA margin improved to 52% from 42% YoY; Net Profit Margin at 12.43% for Q3 FY26.
Weighted average cost of debt declined to 8.68%.
Outlook and guidance
Reaffirmed commitment to 30 GW generation and 40 GWh storage targets by 2030, with 18.7 GW incremental generation and 29.6 GWh storage already logged in.
Guidance for 1.5 GW fresh capacity addition in H2 FY26 remains on track, with grid connectivity secured for upcoming projects.
All under-construction projects are tied up under long-term PPAs, ensuring stable cash flows.
Ongoing construction of 14 GW of new projects; total locked-in generation capacity at 30.5 GW.
Expect moderation in sector-wide renewable bidding due to connectivity and PPA signing challenges, but company remains on track for 30 GW by 2030.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next JSW Energy earnings date
Q4 25/268 May, 2026
JSW Energy
Next JSW Energy earnings date
Q4 25/268 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
JSW Energy Limited is an Indian power generation and energy company operating thermal, hydroelectric, and renewable energy assets. It engages in electricity generation, transmission, and trading, with operations across multiple Indian states. The company is expanding its renewable portfolio to support sustainable energy initiatives and reduce carbon emissions. It is headquartered in Mumbai, India, and its shares are listed on the NSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage