JSW Infrastructure Q1 results: Net profit declines 10% YoY to ₹385 crore, revenue jumps 18%; check guidance

The JSW Group firm recorded a consolidated net profit (attributable to the owners of the company) of ₹346.63 crore in Q1 FY27, marking a 9.89% YoY fall from ₹384.68 crore in the year-ago period, reflecting a lower profit before tax (PBT) and a higher effective tax rate during the quarter.

Its PBT declined to ₹462 crore, primarily due to lower other income as surplus funds were deployed towards ongoing growth capex, according to a regulatory filing.

However, its revenue from operations jumped 18.15% YoY to ₹1,444.83 crore during the quarter, compared with ₹1,223.85 crore in the June FY26 quarter.

The revenue increase was driven by higher port volumes, continued momentum in the logistics segment and a favorable product mix.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹731 crore in Q1 FY27, up 8.9% YoY from ₹671 crore in the corresponding period of the previous fiscal year.

Its EBITDA margin, however, contracted to 48.7% for the reporting quarter, from 51.1% in Q1 FY26.

During the quarter, JSW Infra handled cargo volumes of 31 million tonnes, which was higher by 6% over the last year.

The volume increase was mainly due to strong performance at Jaigarh Port, led by higher anchor customer volumes and increasing third-party cargo throughput from newer cargo segments.

Further contributed to by robust performance at Dharamtar Port, South West Port and Ennore Bulk Terminal, along with contributions from interim operations at the Tuticorin Terminal, it stated, adding that the growth was partially offset by lower volumes at the Fujairah Liquid Terminal due to a challenging operating environment in the Middle East.

Guidance

The company plans to increase its cargo holding capacity to 400 Million Tonnes Per Annum (MTPA) by FY 2030 or earlier, up from the current capacity of 186 MTPA.

To achieve this, it has outlined a comprehensive capital expenditure (capex) plan of ₹30,000 crore. Additionally, it has earmarked ₹9,000 crore for expanding its logistics segment.

“This expansion aims to build on the Navkar acquisition to develop a robust pan-India logistics network. With a strong balance sheet, the company is well-positioned to pursue both organic and inorganic growth without compromising its leverage ratios,” it said.

It is also targeting consolidated operating revenue of ₹6,850 crore and operating EBITDA of ₹3,000 crore for FY27. Furthermore, it expects EBITDA to grow by approximately 15% in FY27 and nearly double by FY28.

It has also projected its core revenue to grow to ₹8,000 crore and EBITDA to ₹2,000 crore by FY30, according to its investor presentation.

Furthermore, the firm expects its capex to advance to ₹9,000 crore between FY25 and FY30.

“This outlook reflects strong operational momentum, clear visibility on growth projects in the Ports business, and the transition of rolling assets from capex to EBITDA contribution within the Logistics segment,” the press release said.

Shares of JSW Infra closed 1.12% lower at ₹344.55 apiece on the National Stock Exchange (NSE) on Tuesday. However, the results were declared after the markets closed.

JSW Infrastructure has a total market capitalisation of ₹80,501.55 crore as of July 21, 2026, according to data on the NSE.