JSW Infrastructure Reports Strong Q2 FY25 Results with 46% Rise in Profit

Varahimedia.com nline news, Mumbai, October 29, 2024: JSW Infrastructure Limited, India’s second-largest private port operator and a key JSW Group entity, today announced impressive financial results for the second quarter ending September 30, 2024.

Quarterly Highlights

Cargo Volume: 27.5 million tonnes, marking a 16% YoY increase
Revenue: ₹1,088 crore, up by 22% YoY
EBITDA: ₹607 crore, with a robust 55.8% margin, reflecting a 22% YoY growth
PAT: ₹374 crore, up by a notable 46% YoY
Financial Resilience: Cash and cash equivalents stand strong at ₹4,501 crore

Growth Drivers and Business Developments

The company achieved a significant 16% boost in cargo volume this quarter, attributed to high capacity utilization across coal terminals in Mangalore, Paradip, and Ennore, alongside contributions from recent acquisitions, including PNP and the Liquid Storage Terminal in the UAE.

Third-party volume also grew by a substantial 48% YoY, now constituting 46% of total cargo handled, up from 36% in the previous year.

Strategic Expansion and Acquisitions

Murbe Greenfield Port Development
JSW Infrastructure emerged as the winning bidder for the development of an all-weather, multi-cargo greenfield port at Murbe, Maharashtra. The site offers strategic access to key transport links, including National Highway 8, State Highway Boisar Road, and major rail corridors, enhancing connectivity and operational efficiency.
Jaigarh and Dharamtar Port Expansion
The company has greenlit a ₹2,359 crore investment for a 36 MTPA brownfield expansion at Jaigarh and Dharamtar ports, aimed at meeting the projected increased cargo volume from the Dolvi steel-making facility in Maharashtra.
This expansion will boost Jaigarh Port’s capacity to 70 MTPA (from 55 MTPA) and Dharamtar’s to 55 MTPA (from 34 MTPA), with completion targeted for March 2027.
Acquisition of Navkar Corporation Limited
JSW Infrastructure has successfully acquired a 70.37% stake in Navkar Corporation Limited, reinforcing its foothold in logistics and terminal operations to further diversify and strengthen its service offerings.

JSW Infrastructure’s Q2 FY25 results underscore the company’s consistent growth and dedication to infrastructure development, positioning it strongly within India’s commercial port industry and setting the stage for continued progress and value creation.