JSW Infrastructure shares tank over 7% after Q1 net profit falls 8% to ₹297 crore

JSW Infrastructure released its financial results for Q1FY25 on July 18. The company reported a net profit of ₹297 crore for the first quarter of FY25, an 8% decline from ₹322 crore in the same quarter of FY4. However, the company saw a 15% increase in its revenue from operations at ₹1,010 crore in Q1FY25, up from ₹878 crore in Q1FY24.

JSW Infra’s earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by 24% year-on-year to ₹609 crore in Q1FY25, with a margin of 55.1%, compared to ₹491 crore in the year-ago period.

During the quarter, the company handled 27.8 million tonnes of cargo, marking a 9% increase over last year. This growth was driven primarily by incremental volumes from newly acquired assets and higher capacity utilisation at the company’s Paradip Iron Ore and Coal Terminal in Odisha. Third-party volumes reached 13.8 million tonnes, reflecting a 48% year-on-year growth. Consequently, the share of third-party volumes in the overall total rose to 50%, up from 37% a year ago, said the company in an exchange filing.

JSW Infrastructure also said that through its wholly owned subsidiary, JSW Port Logistics Private Limited, it has acquired a 70.37% shareholding in Navkar Corporation. The enterprise value of this acquisition is ₹1,644 crore.

JSW Infrastructure, a subsidiary of the JSW Group, India’s second-largest private commercial port operator. The company manages 10 port concessions positioned along the west and east coasts of India.

JSW Infra shares were trading 6.11% lower at ₹315 apiece on the NSE at 12:10 pm.