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JSW Infrastructure Reports Solid Q3 Growth
JSW Infrastructure Ltd. announced its third-quarter financial results, revealing a 9.1% year-on-year increase in net profit to ₹359 crore. This growth was propelled by a 14.2% surge in revenue, which reached ₹1,349 crore, up from ₹1,181 crore in the prior year's corresponding quarter. Earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a healthy uptick of 10.1%, totaling ₹643 crore.
Cargo Volumes Drive Revenue
The company handled a total of 31.7 million metric tons of cargo during the quarter, marking an 8% increase from the previous year. This expansion was supported by robust performance at its South West Port and Dharamtar Port facilities, alongside interim operations at the Tuticorin terminal and the JNPA liquid terminal. Despite these gains, EBITDA margins saw a slight contraction, declining to 47.6% from 49.5% year-on-year.
Navkar Corporation Boosts Performance
Third-party cargo volumes contributed significantly, rising 10% to 15.7 million tonnes and capturing a 50% share of the total, up from 49% a year earlier. The port segment's operational revenue grew 9% to ₹1,164 crore. JSW Infrastructure also highlighted the strong contribution from Navkar Corporation, which reported a 19% rise in EXIM cargo volumes to 85,000 TEUs and a substantial 45% increase in domestic cargo volumes to 405,000 metric tonnes.
Strong Financial Position and Future Outlook
JSW Infrastructure maintained a robust balance sheet, reporting a net debt to operating EBITDA ratio of 0.76x and holding ₹3,455 crore in cash and cash equivalents. Looking ahead, the company has set ambitious targets for fiscal year 2026, aiming for consolidated operating revenue of ₹5,400 crore and operating EBITDA of ₹2,600 crore. Projections indicate EBITDA growth of approximately 15% in FY2027 and nearly doubling by FY2028, driven by ongoing operational momentum, expansion projects, and the logistics segment's transition.