JSW Energy Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, reported total income from operations (net) of INR 17,273.4 million compared to INR 14,552.0 million a year ago. Profit from operations before other income, finance costs, and exceptional items was INR 5,348.5 million compared to INR 1,668.0 million a year ago. Profit from ordinary activities before tax was INR 3,938.3 million compared to loss from ordinary activities before tax of INR 896.9 million a year ago. Net profit was INR 2,963.2 million or INR 1.81 basic and diluted per share compared to net loss of INR 716.1 million or INR 0.44 basic and diluted per share a year ago.

For the nine months period, on standalone basis, reported total income from operations (net) of INR 48,473.9 million compared to INR 34,795.6 million a year ago. Profit from operations before other income, finance costs, and exceptional items was INR 12,378.9 million compared to INR 5,332.1 million a year ago. Profit from ordinary activities before tax was INR 8,424.5 million compared to INR 67.5 million a year ago. Net profit was INR 6,580.6 million or INR 4.01 basic and diluted per share compared to INR 51.5 million or INR 0.03 basic and diluted per share a year ago.

For the quarter, on consolidated basis, reported total income from operations (net) of INR 23,652.4 million compared to INR 17,716.8 million a year ago. Profit from operations before other income, finance costs, and exceptional items was INR 6,798.3 million compared to INR 2,156.0 million a year ago. Profit from ordinary activities before tax was INR 4,124.6 million compared to loss from ordinary activities before tax of INR 965.3 million a year ago. Net profit was INR 3,120 million or INR 1.89 basic and diluted per share before and after extraordinary items (not annualized) compared to net loss of INR 817.4 million or INR 0.50 basic and diluted per share before and after extraordinary items (not annualized) a year ago. EBITDA was INR 8,670 million, up 129% over corresponding quarter of the previous year. The increase in profitability is primarily due to increase in generation, improved tariff and relatively lower fuel cost.

For the nine months period, on consolidated basis, reported total income from operations (net) of INR 66,333.1 million compared to INR 40,455.3 million a year ago. Profit from operations before other income, finance costs, and exceptional items was INR 15,098.9 million compared to INR 5,163.6 million a year ago. Profit from ordinary activities before tax was INR 7,535.5 million compared to loss from ordinary activities before tax of INR 785.2 million a year ago. Net profit was INR 5,650 million or INR 3.46 basic and diluted per share before and after extraordinary items (not annualized) compared to net loss of INR 596.9 million or INR 0.34 basic and diluted per share before and after extraordinary items (not annualized) a year ago. EBITDA was INR 21,490 million, up 119% over corresponding period of the previous year.