JSW Infra Q1 Results: Net profit up 31% YoY at ₹385 crore, revenue rises 21% YoY

JSW Infrastructure on Tuesday, July 22, reported a 31.5% year-on-year (YoY) increase in its net profit for the first quarter of the current fiscal year (Q1 FY25) to ₹385 crore as against ₹292 crore posted in the year-ago period. The strong earnings were on the back of higher cargo volumes and robust performance of its subsidiary Navkar Corporation.

However, the net profit declined on a quarter-on-quarter (QoQ) from ₹509 crore in Q4 FY25.

The company's revenue from operations for the reporting quarter stood at ₹1,224 crore, up 21.2% YoY from ₹1,010 crore reported in Q1 FY24. Revenue stood at ₹1,283 crore in the March quarter.

JSW Infra Q1 Results: Key highlights

The company's operational earnings before interest, taxes, depreciation and amortisation (EBITDA) was at ₹581 crore during the July quarter, up 13% YoY, while its overall EBITDA was at ₹671 crore.

In the April-July quarter, JSW Infra handled cargo volumes of 29.4 million tonnes, marking a growth of 5% when compared to the previous year.

"The volume increase was mainly due to strong performance of the coal handling operations at Ennore, PNP and Paradip. Robust performance at South West Port and Dharamtar Port, along with interim operations at the Tuticorin terminal and the JNPA liquid terminal, also contributed to the growth. However, this growth was partially offset by reduced cargo volumes at the Iron Ore terminal in Paradip," JSW Infrastructure said in a release on Tuesday.

Further, the third-party volume grew by 8% YoY, while the share of third party in the overall volume was at 52% against 50% last year.

Navkar Corporation, owned by JSW Infra, showed strong growth during the July quarter, with its total EXIM cargo volumes reaching TEUs, up 31% YoY. The firm's domestic cargo volume was up 11% YoY at 275,000 metric tonnes.

"With a strong balance sheet, the Company is well-positioned to pursue both organic and inorganic growth without compromising its leverage ratios," the company said.

Shares of JSW Infrastructure ended 0.14% up at ₹317.2 apiece on the NSE on Tuesday, July 22.