NE BUSINESS BUREAU
MUMBAI, JAN 28
JSW Infrastructure Limited, a part of the JSW Group and India’s second-largest private commercial port operator, on Tuesday reported a 32.35 per cent rise in its consolidated net profit to ₹335.62 crore in the December quarter, driven by higher income.
The company, which operates ten ports and terminals along the country’s coastline, posted a net profit of ₹253.57 crore during the October-December period a year ago, according to a statement.
- The total income rises to ₹1,265.31 crore in the third quarter against ₹1,018.30 crore in the year-ago quarter.
- Its expenses stands at ₹989.40 crore during the quarter from ₹711.25 crore a year ago
- The company is targeting a top line of ₹8,000 crore for its logistics segment
The total income rose to ₹1,265.31 crore in the third quarter against ₹1,018.30 crore in the year-ago quarter.
Its expenses stood at ₹989.40 crore during the quarter from ₹711.25 crore a year ago.
During the quarter, the company handled cargo volumes of 29.4 million tonnes which is higher by 5 per cent over the last year, the statement said.
During the quarter, the Company handled cargo volumes of 29.4 million tonnes which is higher by 5% over the last year. The volume increase was driven by the increased capacity utilisation in the coal terminal at Paradip, contribution from PNP port and Liquid Storage Terminal, UAE. The growth was partially offset by lower cargo volumes in the Iron Ore terminal at Paradip.
The increase in the third-party volume was stronger with 31% year-on-year growth and the share of Third Party in the overall volumes stood at 49% vs 39% a year ago.
The higher volume and integration of the recently acquired Navkar Corporation translated to 24% year-on-year growth in the total revenue which stood at ₹1,265 Crore. EBITDA increased to ₹670 Crore (+20% yoy) with a robust margin of 52.9%. Consequently, PAT stood at ₹336 Crore, reflecting a growth of 32%.
At Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai, the company said it has obtained approval from the relevant authorities to commence interim operations.
The company said it handled nearly 90,000 tonnes of liquid edible oil during November and December 2024.
Similar efforts are underway to secure approvals for interim operations at the Tuticorin Dry Bulk Terminal, it added.
The company said it is targeting a top line of ₹8,000 crore for its logistics segment, with a 25 per cent EBITDA margin, resulting in industry-leading Return on Capital Employed (ROCE).
