JSW Infra Q3 Results: Net profit up 32% to ₹335.62 crore, total income rises to ₹1,265.31 crore

JSW Infrastructure on Tuesday posted a 32.35% year-on-year (YoY) jump in its consolidated net profit to ₹335.62 crore for the October-December quarter of the current fiscal (Q3 FY25) on the back of higher income. The company reported a net profit of ₹253.57 crore in the year-ago period.

The total income of JSW Infrastructure, the country's second-largest private port operator, stood at ₹1,265.31 crore for the reporting quarter against ₹1,018.30 crore in Q3 FY24. Its expenses stood at ₹989.40 crore during the quarter from ₹711.25 crore a year ago.

JSW Infrastructure Limited’s stock ended 0.5% down at ₹259.40 apiece on the NSE on Tuesday, January 28.

In the quarter that ended December 31, 2024, the company handled cargo volumes of 29.4 million tonnes, up 5% compared to the last year. The volume increase was supported by increased capacity utilisation in the coal terminal at Paradip in Odisha, the contribution from PNP port and Liquid Storage Terminal, UAE, the company said in a statement.

Third-party volume during the quarter saw a 31% growth YoY and the share of third parties in the overall volumes stood at 49% against 39% in the year-ago period.

The higher volume and integration of the recently acquired Navkar Corporation led to a 24% year-on-year (YoY) growth in the total revenue which stood at ₹1,265 crore, the statement added.

JSW Infra’s EBITDA increased by 20% to ₹670 crore with a robust margin of 52.9%.

The company said it has obtained approval from the relevant authorities to commence interim operations at Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai. It handled nearly 90,000 tonnes of liquid edible oil during November and December 2024. Similar efforts are underway to get approvals for interim operations at the Tuticorin Dry Bulk Terminal, it added.

JSW Infrastructure also said it is aiming to achieve a revenue of ₹8,000 crore from its logistics segment, with a 25% EBITDA margin, resulting in industry-leading Return on Capital Employed (ROCE).