**JSW Infrastructure Reports 32.35% Increase in Q3 Net Profit to ₹335.62 Crore**
New Delhi, Jan 28 (PTI) – JSW Infrastructure announced a significant 32.35% increase in its consolidated net profit, reaching ₹335.62 crore for the December quarter, fueled by a rise in income. The second-largest private port operator in India recorded a net profit of ₹253.57 crore during the same period last year.
Total income surged to ₹1,265.31 crore in the third quarter, compared to ₹1,018.30 crore in the previous year. However, expenses also rose, amounting to ₹989.40 crore this quarter, up from ₹711.25 crore a year earlier. The company reported handling cargo volumes of 29.4 million tonnes, reflecting a 5% increase year-on-year, attributed to enhanced capacity utilization at the coal terminal in Paradip, Odisha, as well as contributions from PNP port and the Liquid Storage Terminal in the UAE.
The growth in third-party volumes was particularly strong, with a 31% year-on-year increase, raising the share of third-party volumes to 49%, compared to 39% a year ago. The integration of the recently acquired Navkar Corporation also contributed to a 24% year-on-year growth in total revenue, which reached ₹1,265 crore. EBITDA rose by 20% to ₹670 crore, achieving a robust margin of 52.9%.
At the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai, the company has received approval to begin interim operations, having handled nearly 90,000 tonnes of liquid edible oil during November and December 2024. Efforts are also underway to secure approvals for interim operations at the Tuticorin Dry Bulk Terminal.
Looking ahead, the company aims for a top line of ₹8,000 crore in its logistics segment, targeting a 25% EBITDA margin and an industry-leading Return on Capital Employed (ROCE).
