JSW Infrastructure Q4 profit jumps 54.4% YoY to ₹509.4 crore; Revenue rises 17%

JSW Infrastructure Ltd, India’s second-largest private port operator and part of the JSW Group, on Tuesday reported a strong 57% year-on-year jump in consolidated net profit to ₹516 crore for the quarter ended March 31, 2025, aided by higher cargo volumes and contributions from recent acquisitions.

Revenue for the quarter rose 14% YoY to ₹1,372 crore, supported by robust performance across coal terminals in Mangalore, Ennore, and Paradip, along with interim operations at the JNPA Liquid Terminal and the Tuticorin Terminal. EBITDA grew 7% to ₹730 crore, with margins remaining strong at 53.2%.

During the quarter, the company handled 31.2 million tonnes of cargo, up 5% year-on-year. Third-party cargo volumes grew faster, rising 11% YoY, with their share increasing to 50% of total volumes, compared to 47% a year earlier.

For the full fiscal year 2025, JSW Infrastructure posted a 31% increase in profit to ₹1,521 crore, while total revenue climbed 20% to ₹4,829 crore. Cargo volumes for the year rose 9% to 117 million tonnes, with third-party cargo contributing 49%, up from 40% in FY24. EBITDA for the year stood at ₹2,615 crore, up 17% YoY, translating into a margin of 54.2%.

The company’s board has recommended a dividend of ₹0.80 per share, subject to shareholder approval.

JSW Infrastructure continues to maintain a strong balance sheet, with a Net Debt to Operating EBITDA ratio of 0.65x, gross debt of ₹4,659 crore, and cash and bank balances of ₹3,188 crore.

As part of its expansion strategy, the company has received a Letter of Intent (LOI) for the development of Murbe Port, a greenfield project in Maharashtra, and entered the logistics sector through a 70.37% stake acquisition in Navkar Corporation Ltd. It also completed the acquisition of a slurry pipeline business, securing a long-term take-or-pay agreement with JSW Steel.

Looking ahead, JSW Infrastructure has reaffirmed its plan to expand total cargo handling capacity to 400 million tonnes per annum (MTPA) by FY2030 or earlier, backed by a ₹30,000 crore capital expenditure plan. An additional ₹9,000 crore has been allocated for developing a pan-India logistics network, aiming to generate ₹8,000 crore in revenue with 25% EBITDA margins in the logistics vertical.

Shares of the company ended 2.5% lower on the BSE at a price of ₹293.