JSW Energy Limited reported Q1FY27 net sales up 1% to Rs 5,207 crore, beating Axis Securities estimates by 12%, and EBITDA up 3% to Rs 2,873 crore, a 15% beat, while PAT fell 36% to Rs 533 crore due to lower other income. Axis Securities retained its Buy rating with a target price of Rs 630, noting locked-in capacity of 32.4 GW, Rs 10,150 crore raised via promoter preferential allotment, JSW Steel stake sale and QIP, and liquidity of Rs 12,881 crore for its Rs 1.1 lakh crore capex plan through FY30.