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Energy Expansions Fuel Q1 Profit Growth With Conglomerates Facing Margin Squeeze

Thermal expansions along with renewable capacity growth drove energy profits despite cost shocks in other sectors

ABB
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Overview

  • JSW Energy posted a 43% rise in net profit to Rs 743 crore on capacity additions; revenue surged 79% and EBITDA margin widened to 54.2%
  • Tata Power’s net profit rose 6% to Rs 1,262 crore with revenue up 4%; it commissioned 94 MW of renewable capacity
  • Godrej Properties’ profit climbed 15% to Rs 598 crore even as total income fell 5% and booking value declined 18%
  • Adani Enterprises saw net profit halve to Rs 734 crore on slower trading volumes; Adani Power’s profit fell about 15% to Rs 3,305 crore on lower merchant tariffs and elevated operating costs
  • ITC’s profit stayed flat at Rs 4,912 crore on 20.6% revenue growth; ABB India’s net profit plunged 21% to Rs 352 crore on softening industrial demand