JSW Energy (NSE:JSWENERGY) Operating Income : ₹29,242 Mil (TTM As of Mar. 2024)

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What is JSW Energy Operating Income?

JSW Energy's Operating Income for the three months ended in Mar. 2024 was ₹7,418 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ₹29,242 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. JSW Energy's Operating Income for the three months ended in Mar. 2024 was ₹7,418 Mil. JSW Energy's Revenue for the three months ended in Mar. 2024 was ₹27,559 Mil. Therefore, JSW Energy's Operating Margin % for the quarter that ended in Mar. 2024 was 26.92%.

Good Sign:

JSW Energy Ltd operating margin is expanding. Margin expansion is usually a good sign.

JSW Energy's 5-Year average Growth Rate for Operating Margin % was 6.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JSW Energy's annualized ROC % for the quarter that ended in Mar. 2024 was 5.45%. JSW Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.59%.

JSW Energy Operating Income Historical Data

The historical data trend for JSW Energy's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

JSW Energy Operating Income Chart

JSW Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Operating Income

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21,881.10

17,242.50

25,531.80

21,126.10

37,483.70

JSW Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial															3,297.50	4,539.80	14,717.00	7,107.30	7,418.00

JSW Energy Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹29,242 Mil.

JSW Energy (NSE:JSWENERGY) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

JSW Energy's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	29672 * ( 1 - -1.87% )	/	( (0	+	554696.5)	/ 1 )
=	30226.8664	/	554696.5
=	5.45 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	582691	-	14041.1	-	( 54902	-	max(0, 72694.4	-	86647.8	+	54902	))
=	554696.5

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

JSW Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	34885.2	/	( ( (0 + max(0, 0))	+	(363704.6 + max(-14550.5, 0)) )	/	1 )
=	34885.2	/	( ( 0	+	363704.6 )	/	1 )
=	34885.2	/	363704.6
=	9.59 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8442	+	8306.7	+	5294.7)	-	(14041.1	+	0	+	22552.8)
=	-14550.5

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

JSW Energy's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	7418	/	27558.7
	=	26.92 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

JSW Energy Operating Income Related Terms

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JSW Energy (NSE:JSWENERGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » JSW Energy Ltd (NSE:JSWENERGY) » Definitions » Operating Income

Traded in Other Exchanges

533148:India

Address

JSW Centre, Near MMRDA Grounds, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.jsw.in

JSW Energy Ltd is an Indian electric utility company and member of the Jindal Group business conglomerate. JSW Energy segments are Power Generation, Power Transmission, Mining, Power Trading, and Equipment Manufacturing. The vast majority of the company's revenue comes from the sale of power and power conversion charges. Geographically, it generates a majority of its revenue from India.

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