JSW Energy shares decline over 3 pc on weak Q3 results

Shares of JSW Energy fell by over 3 per cent today after the company reported a 93 per cent fall in consolidated net profit for the third quarter of this fiscal.
The stock declined by 3.10 per cent to end at Rs 59.45 on BSE. During the day, it lost 3.99 per cent to Rs 58.90.
On NSE, shares of the company went down by 3.26 per cent to close at Rs 59.30.
In terms of volume, 10.80 lakh shares of the company were traded on BSE and over 97 lakh shares changed hands on NSE during the day.
JSW Energy today reported a 93 per cent fall in consolidated net profit at Rs 21.39 crore for the third quarter of this fiscal due to lower power generation.

It posted a net profit after taxes, minority interest and share of profit of associates of Rs 21.39 crore for the quarter ended December 31, 2016, as against Rs 309.25 crore a year ago.
Total income was Rs 1,954.83 crore, down from Rs 2,627.04 crore in the same period a year ago due to the decrease in turnover, primarily on account of lower generation coupled with lower tariff.