JSW Infrastructure Sees 46% PAT Surge in Q2 FY25 Earnings, Expands with New Port and Acquisitions

On October 28, 2024, JSW Infrastructure Limited, part of the JSW Group and India’s second-largest private commercial port operator, announced its Q2 FY25 results for the period ending September 30, 2024.

Q2 FY25 Key Highlights

• Cargo Volume– Handled 27.5 million tonnes, a 16% increase YoY.
• Revenue– ₹1,088 crore, up by 22% YoY.
• EBITDA– ₹607 crore, reflecting a 22% growth YoY, with a solid 55.8% margin.
• PAT– ₹374 crore, rising by 46% YoY.
• Cash Reserves– Holding ₹4,501 crore in cash and equivalents.

Business and Operational Performance

During Q2 FY25 Earnings, JSW Infrastructure handled 27.5 million tonnes of cargo, a 16% increase driven by higher capacity utilisation at its coal terminals in Mangalore, Paradip, and Ennore, as well as contributions from acquisitions, including PNP and the Liquid Storage Terminal in the UAE. Additionally, third-party cargo volumes grew by 48% YoY, now making up 46% of total volume, up from 36% last year. The increase in cargo volumes helped revenue climb 22% to ₹1,088 crore, while PAT rose 46% YoY to ₹374 crore.

Key Business Developments

• Murbe Port Development

JSW won the bid to build a new, all-weather, multi-cargo port in Murbe, Maharashtra. Strategically located near major highways and rail lines, this port will enhance trade connectivity.

• Expansion Plans at Jaigarh and Dharamtar Ports

The company plans to increase capacity by 36 MTPA, expanding Dharamtar’s capacity by 21 MTPA and Jaigarh by 15 MTPA. This project, with a budget of ₹2,359 crore, will add infrastructure like new berths and railway links to improve third-party cargo handling. The expansions are scheduled for completion by March 2027, which is expected to add 27 MTPA in cargo volumes.

• Navkar Corporation Acquisition

JSW Infrastructure recently finalised its acquisition of a 70.37% stake in Navkar Corporation Limited, strengthening its foothold in port-related services.

About JSW Infrastructure Limited

JSW Infrastructure operates ten environmentally friendly ports along India’s east and west coasts. These ports handle diverse cargo types and can accommodate large Cape-size vessels. With an international liquid storage facility in Fujairah, UAE, the company’s ports use mechanised systems to ensure efficient, quick cargo processing. Aiming to increase its cargo-handling capacity to 400 MTPA by 2030, JSW Infrastructure is committed to sustainable operations and aligning with global ESG standards.

On October 29, 2024, JSW Infrastructure shares price opened at ₹307.50 and touched the day high of ₹307.50, reflecting a gain of 4.87% at 09:54 AM. 

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