• Mr Ranjit Kumar Paswan

The energy sector listed on BSE encompasses a diverse range of companies, including those engaged in oil and gas exploration, power generation, renewable energy production and utilities. These companies play a pivotal role in shaping India’s energy landscape, meeting the nation’s growing energy demands and driving economic growth. The present study is an honest attempt to analyze the impact of financial leverage on firm performance of the selected companies. In this study a sample of thirteen companies belonging to different industries under the energy sector have been selected. The data has been collected from the Capitaline database for a period of ten years from 2011-12 to 2020-21. The study considers Return on Assets (ROA) as financial performance variable. Debt Equity Ratio (DER), Debt to Assets Ratio (DTAR), Assets to Equity Ratio (AER) and Debt to Capital Ratio (DCR) were taken to be represented as financial leverage variables. Panel data analysis has been applied to examine the effect of financial leverage on firm performance. The coefficients highlight that DER and DTAR significantly affect ROA, while AER and DCR have minor effects.

Energy sector, financial leverage, performance

"A Study of Financial leverage and its impact on the Performance of Energy Sector Listed on Bombay Stock Exchange ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 3, page no.l84-l88, March-2024, Available :http://www.jetir.org/papers/JETIR2403B10.pdf

"A Study of Financial leverage and its impact on the Performance of Energy Sector Listed on Bombay Stock Exchange ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 3, page no. ppl84-l88, March-2024, Available at : http://www.jetir.org/papers/JETIR2403B10.pdf