US-based investment firm GQG Partners on Tuesday (December 9) sold nearly a 1% stake in JSW Energy Ltd for ₹677 crore through a block deal, offloading 1.5 crore shares at an average price of ₹444 per share.

Following the transaction, GQG Partners’ holding in JSW Energy was 1.8% as of the end of September 2025.

Second Quarter Results

JSW Energy reported a 17.4% year-on-year decline in net profit for the second quarter, which stood at ₹705 crore, down from ₹853 crore in the same period last year. The company’s revenue fell 60% to ₹5,177.4 crore compared with ₹3,238 crore in Q2 of the previous year.

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Operating performance also showed a sharp decline, with EBITDA down 77.8% to ₹2,996 crore

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