JSW Infrastructure Q4 net profit falls 18% but revenue up 19%; declares dividend

Sajjan Jindal-owned JSW Infrastructure Ltd on Friday (May 8) reported a 17.9% year-on-year decline in net profit for the fourth quarter at ₹418.3 crore, compared with ₹509.4 crore in the corresponding period last year.

Revenue for the quarter rose 18.6% to ₹1,522.3 crore from ₹1,283.2 crore a year earlier. EBITDA increased 19.9% year-on-year to ₹768.8 crore against ₹641 crore in the year-ago period. EBITDA margin stood at 50.5% for the quarter, compared with 50% in the corresponding quarter last year.

Cargo handled volumes during the quarter stood at 31.6 million tonnes, up 1% from a year ago. The growth was driven by higher volumes at South West Port, Dharamtar Port and Jaigarh Port due to increased cargo from anchor customers, along with contributions from interim operations at the Tuticorin Terminal and the JNPA Liquid Terminal.

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The company said growth was partly offset by lower volumes at its Fujairah facility amid disruptions linked to the ongoing Middle East conflict, as well as cargo deferments at Indian operations during March due to lower vessel availability and higher freight costs. It added that vessel availability and operations have improved from April 2026 onwards.

Port segment operational revenue rose 12% year-on-year to ₹1,295 crore in Q4 FY26 from ₹1,152 crore a year earlier, aided by higher realisations, growth in cargo volumes, increased ancillary services such as storage and transportation, and rupee depreciation. Operational EBITDA for the segment rose 13% to ₹705 crore.

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Navkar Corporation reported growth in both EXIM and domestic cargo volumes during the quarter. EXIM cargo volumes rose 14% year-on-year to 86,000 TEUs, while domestic cargo volumes increased 56% to 427,000 metric tonnes.

For FY26, cargo handled volumes increased 4% year-on-year to 122 million tonnes, while third-party volumes rose 3% to 58.8 million tonnes. Revenue from operations for the year rose 20% to ₹5,361 crore, operating EBITDA increased 15% to ₹2,604 crore, and adjusted PAT rose 12% to ₹1,644 crore.

The company’s net debt to operating EBITDA ratio stood at 1.2x at the end of FY26. Gross debt stood at ₹6,410 crore, while cash and bank balance were ₹3,309 crore.

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The board recommended a dividend of ₹0.90 per equity share of face value ₹2 each for FY26, subject to shareholder approval. Shares of JSW Infrastructure Ltd ended at ₹283.55, up by ₹2.10, or 0.75%, on the BSE.