Juniper Green Energy (JNPR) Q4 23/24 earnings summary

Executive summary

• Consolidated revenue from operations increased to ₹39,154.97 lakhs in FY24 from ₹33,130.68 lakhs in FY23, with total income at ₹42,444.65 lakhs.

• Net profit after tax for FY24 was ₹4,006.55 lakhs, a turnaround from a net loss of ₹1,205.80 lakhs in FY23.

• The Group operates 635 MW of solar and 25.2 MW of wind power projects, with significant expansion in Maharashtra and Gujarat.

Financial highlights

• EBITDA and operating margins improved, with total expenses at ₹36,695.03 lakhs, down from ₹37,264.29 lakhs in FY23.

• Earnings per share (EPS) rose to ₹20.85 from a negative ₹8.73 in the previous year.

• Total assets grew to ₹4,98,644.41 lakhs from ₹3,21,201.35 lakhs, and equity increased to ₹1,73,167.88 lakhs.

• Gearing ratio improved to 62.64% from 73.27% year-over-year.

Outlook and guidance

• The Group is expanding with new hybrid and wind-solar projects, including a 150 MW hybrid project in Gujarat and a 300 MW project pending award.

• Capital commitments for ongoing projects stand at ₹1,94,619.37 lakhs.