JSW Energy falls 5% on weak Q1 results

JSW Energy announced the following unaudited results for the quarter ended June 30, 2011:

Standalone results:

The net profit of the company slipped 42% to Rs190.26 crore for the quarter ended June 30, 2011 as compared to Rs327.20 crore for the quarter ended June 30, 2010.

Total income increased by 30% to Rs1198.85 crore for the quarter ended June 30, 2011 from Rs922.18 crore for the quarter ended June 30, 2010.

Consolidated results:

The net profit of the company down by 62% to Rs136.31 crore for the quarter ended June 30, 2011 as compared to Rs298.64 crore for the quarter ended June 30, 2010.

Total income increased by 34.43% to Rs1294.48 crore for the quarter ended June 30, 2011 from Rs962.87 crore for the quarter ended June 30, 2010.

At 2.24 pm, JSW Energy was trading at Rs71.80, down by 5.59%, with a volume of 10.68 lakh shares on the BSE.