February 13, 2025 08:06 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Ranveer Allahbadia's 'sex with parents' remark: Mumbai Police records statements of seven people including Apoorva Mukhija | Pakistan Army violates ceasefire along LoC, suffers 'heavy casualties' after Indian troops retaliate | PM Modi meets Tulsi Gabbard, calls her 'strong votary of India-US friendship' | It is time to stop this ridiculous war: Donald Trump calls Vladimir Putin, Volodymyr Zelenskyy to end Ukraine conflict | BJP yet to name Manipur CM after N Biren Singh's resignation, President's Rule loom large over violence-hit state | After AAP rout in Delhi, INDIA bloc faces new hurdle with Sharad Pawar irking Sena by honouring Eknath Shinde | 'Are we not creating a class of parasites?' Supreme Court makes strong observations on freebies by political parties | Narendra Modi, Emmanuel Macron jointly inaugurate Indian consulate in Marseille | Kerala nursing college horror: Five senior students arrested for torturing juniors, hanging dumbbells from private parts | Uttarakhand HC issues notice to state govt and Centre over pleas challenging UCC rollout
JSW Infrastructure said cargo volumes and income pushed profit growth in Q3FY25.

JSW Infrastructure Q3FY25 profit rises 32% to Rs 336 cr; cargo volumes and income drive growth

| @indiablooms | Jan 28, 2025, at 09:37 pm

Mumbai: JSW Infrastructure reported a 32.35% increase in consolidated net profit for the December quarter, reaching Rs 335.62 crore, driven by higher income.

In the same period last year, the country's second-largest private port operator recorded a net profit of Rs 253.57 crore, the company said in a statement on Tuesday.

The total income for Q3 rose 24% year-on-year (YoY) to Rs 1,265.31 crore, compared to Rs 1,018.30 crore in the corresponding quarter of the previous year.

Expenses for the quarter increased to Rs 989.40 crore from Rs 711.25 crore a year earlier.

Cargo volumes handled during the quarter reached 29.4 million tonnes, a 5% increase from the previous year.

The growth was attributed to improved capacity utilisation at the Paradip coal terminal in Odisha, contributions from PNP Port, and the Liquid Storage Terminal in the UAE, according to the company.

Third-party cargo volumes saw a notable 31% YoY growth, raising their share in total volumes to 49%, up from 39% in the same quarter last year.

The integration of Navkar Corporation, which was recently acquired, also played a key role in the revenue growth.

EBITDA for the quarter rose 20% to Rs 670 crore, with a strong margin of 52.9%.

At Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai, JSW Infrastructure received approval to begin interim operations and handled approximately 90,000 tonnes of liquid edible oil during November and December 2024.

The company is also working to secure interim operational approvals for its Tuticorin Dry Bulk Terminal.

Looking ahead, JSW Infrastructure is aiming for Rs 8,000 crore in revenue from its logistics segment, targeting a 25% EBITDA margin and leading industry returns on capital employed (ROCE).

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu