JSW Infra profit declines 8.2 pc to Rs 357.6 cr in Q1

New Delhi, Jul 21 (PTI) JSW Infrastructure Ltd on Tuesday posted an 8.20 per cent decline in consolidated net profit to Rs 357.60 crore in the June quarter due to higher expenses.

The country’s second-largest private port operator’s consolidated net profit stood at Rs 389.57 crore in the first quarter of the current fiscal year, an exchange filing showed.

The company’s total income rose to Rs 1,501.63 crore during the quarter from Rs 1,313.70 crore a year ago.

Its expenses rose to Rs 1,038.84 crore during the quarter from Rs 841.14 crore a year ago.

The company handled cargo volumes of 31 million tonnes in the April-June period, 6 per cent higher than last year, the company said in a statement.

The volume increase was mainly due to strong performance

at Jaigarh Port, led by higher anchor customer volumes and increasing third-party cargo throughput from newer cargo segments.

Robust performance at Dharamtar Port, South West Port, and Ennore Bulk Terminal, along with contributions from interim operations at the Tuticorin Terminal, further contributed to its growth.

However, this growth was partially offset by lower volumes at the Fujairah Liquid Terminal due to the challenging operating environment in the Middle East, it said.

According to the statement, operating EBITDA increased 16 per cent, reaching Rs 674 crore.

JSW Infrastructure said the company’s net cash in the April-June quarter stood Rs 2,769 crore, while gross debt stood at Rs 7,094 crore.

It said the company expanded cargo handling capacity at South West Port, Goa from 11 MTPA to 12 MTPA and Mangalore Container Terminal from 4.2 MTPA to 6.0 MTPA.

JSW Infrastructure said it commenced interim operations at the Kolkata Container Terminal and secured another PPP project at Syama Prasad Mookerjee Port with a capacity of 0.93 million TEUs (twenty-foot equivalent units), increasing total container handling capacity at Kolkata to 1.4 million TEUs.

It said the company is targeting consolidated operating revenue of Rs 6,850 crore and operating EBITDA of Rs 3,000 crore for FY27.

Building on the FY26 base, the EBITDA is expected to grow 15 per cent in FY27 and nearly double by FY28, it added. PTI BKS TRB