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

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).