The company's revenue increased 8% QoQ to ₹1,471 Crore from ₹1,365 Crore in the previous June quarter.
According to a stock exchange filing, JSW Energy has signed a 25-year agreement to supply solar power at a cost of ₹2.56/kW.
However, India's largest insurance provider, Life Insurance Corporation of India (LIC), reduced its investment during the quarter to 6.72%.
The debt-ridden telecom may request a waiver from the Department of Telecommunications (DoT) for the payment of these guarantees.
In its exchange statement for the September quarter results, the company noted the receipt of the SCN without providing any other information.
After onboarding was delayed earlier in the year in accordance with RBI regulations, this clearance was conveyed via a letter dated October 22, 2024.
In Q2FY25, company continued to produce y-o-y growth and profitability, acquiring two notable clients and maintaining a 100% renewal rate.
The gross non-performing asset (GNPA) ratio was 0.88% in the September quarter, compared to 0.91% in the June quarter.
In constant currency (CC) terms, revenue for the quarter was Rs 3,062.3 crore, up 33% year over year and 26.3% quarter over quarter.
In August, the business secured a ₹106 Crore order from a renowned private developer to supply towers for a 765 kV transmission line.

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