JSW Energy slips on profit booking after Q4 results

Meanwhile, the BSE Sensex was down 84.81 points, or 0.43%, to 19,650.96.

On BSE, 12.24 lakh shares were traded in the counter as against an average daily volume of 2.52 lakh shares in the past one quarter.

The stock hit a high of Rs 69.10 and a low of Rs 63.50 so far during the day. The stock had hit a 52-week high of Rs 75 on 22 January 2013. The stock had hit a 52-week low of Rs 40.10 on 31 May 2012.

The stock was in demand ahead of its Q4 March 2013 results. It rose 7.77% in the preceding three sessions to Rs 67.25 on 2 May 2013, from a recent low of Rs 62.40 on 26 April 2013.

The stock had outperformed the market over the past one month till 2 May 2013, rising 17.06% compared with the Sensex's 3.65% rise. The scrip had, however, underperformed the market in past one quarter, sliding 3.52% as against Sensex's 0.23% fall.

The large-cap company has an equity capital of Rs 1640.05 crore. Face value per share is Rs 10.

On a consolidated basis, JSW Energy's net profit rose 48.98% to Rs 335.69 crore on 12.13% increase in total income to Rs 2362.73 crore in Q4 March 2013 over Q4 March 2012. The result was announced during trading hours today, 3 May 2013.

Consolidated net profit surged 431.40% to Rs 903.65 crore on 46% increase in total income to Rs 9147.73 crore in the year ended March 2013 over the year ended March 2012.

The board of JSW Energy has recommended a dividend of Rs 2 per share for the year ended 31 March 2013.

JSW Energy is a full-spectrum integrated power company with presence across the power value chain of power generation, power transmission, mining, power plant equipment manufacturing and power trading.

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